ELWave

ELWave

Gold is completing a flat correction after denying the triangle as illustrated in the chart. The wave ((c)) of the flat correction will have confluence with the 0.618 fib retracement of the previous up swing. The PRZ is highlighted in the chart where buy orders can wait to trigger.

ELWave Updated 

As seen in the chart, GOLD is unfolding to a triangle, completing wave D.

ELWave Updated 

Gold has completed a flat correction and now will be completing wave X to retouch the 1188.0 area. Once done, it is expected to move to 1225-1230 area to complete wave (X).

ELWave

Gold is calling for more downside in daily chart after it completes the correction which is now in process.

ELWave Updated 

PRZ is shown in the chart

ELWave Updated 

See the PRZ on chart.

ELWave Updated 

The pair is completing the wave "X" correction in the PRX shown on the chart. More downside to 1.1100 area to be unfolded...

ELWave Updated 

PRZ shown on the chart.

ELWave

Everything is on the chart!

ELWave

PRZ shown on the chart

ELWave Updated 

The downside sequence is still continuing, as the pair contributors are still within their current cycles based on the ELW structure and market correlation. The highlighted buying area is the potential zone for the pair to start rallying, but may need more refinements once we get closer.

ELWave Updated 

Euro continued lower to make another low and completed the uptrend from 1.1550 to 1.1850 via a 5 wave impulsive sequence (wave a). The wave correction is very close to finish as I think the pair will try one more leg lower to reach the 50% fibo retracement. So the next potential buying area will be 1.1700 to 1.1715 where we expect new buyers appear in the market...

ELWave Updated 

EURUSD has rallied from 1.1550 on a very sharp and almost vertical impulse which is not finished yet. The pair can easily reach the 1.1900 area where the 0.618 Daily Fibo retracement and some price resistance are waiting. The current analysis shows the wave "4" has finished at 1.1755 and we have a buying opportunity where shown in the chart to get wave "5" which...