EInsWalt

EInsWalt

found a symetrical triangle on gold.. in line with mini trendline, fibo 786 and SUPPLY area, the candles are now making compression to the SUPPLY. watch for rejection on 1900 area + TL watch for mini TL break

EInsWalt

it might work like this.. we are now on wave C of retracement wave before dropping down, price might targeting top channel..

EInsWalt

sell at red circle... 1. 61.8% 2. supply area 3. top channel 4. trendline..

EInsWalt

61.8% fib in line with supply area and trendline..

EInsWalt

gold might go to bottom channel and 786 fibo at 184x area

EInsWalt

i see gold is making rising wedge and could go major down trend line where there is confluence with fib 786 and 4h supply area (this supply area was the big NEWS supply)

EInsWalt

1. possible of making 5th waves 2. 0.786 fib 3. DT channel 4. Still in down trend 5. 1 H supply 6. Possible rising wedge

EInsWalt

1. fib 0.786 2. falling wedge 3. Trend line 4. short term uptrend 5. Swap area 6. elliot waves completed

EInsWalt

1. Bearish WEDGE pattern 2. Price rejecting 2.000 3. Double TOP pattern inside wedge 4. Watch for price breaks wedge or PA at 1.989 (fib 61.8)

EInsWalt

my analysis for this pair 1. LL LH market structure 2. price now at elliot 4th waves 4. Fibb 61.8 5. Aim for around $ 0.7 6. Watch PA at top channel 7. HnS pattern on bigger TF

EInsWalt

Short term analysis for BTC 1. Elliot waves already finished 5 waves 2. Bearish WEDGE pattern 3. Watch for price break the wedge 4. Possible to retest the long term Trend Line and 786 Fibbo at $ 34.000

EInsWalt

my analysis for EU trade 1. Intersection of Double Down trendlines 2. Fib 786 3. Supply area 4. Market structure keep making new LL and LH 5. Bearish Cypher pattern 6. Daily pattern is double top

EInsWalt

this i my view for GOLD.. it might pull back to 61.8 fib demand area making an AB=BC pullback