🧙 ♂️ Buying rumors and selling news to those who still don't know or follow me recently Buying a rumor and selling the news is a trading practice Rumors are an essential component of price action, and news is one that has the opposite effect. In other words, it will give the trader more focus on rumors rather than news. In addition, it will be the entry point when...
🧙 ♂️ Gold Is it time to buy after the actual news is out? As an application to buy the rumor and sell the news, as is the case in the stock market! This is my personal view What is the meaning of buying the rumor and selling the news? An example of simplification The market from the beginning of the week was expected to raise the interest rate, so gold is...
Sell Scenario on USDJPY 📊 On the daily frame, we notice the formation of a negative harmonic pattern (DEEP CRAB). Whereas, the correction of point B of the XA leg at the 88.6% Fibonacci level And the correction of points D from the XA leg at 161.8%. We also note that the pair has completed the formation of the Wolf Wave formation by completing point No. 5 We...
♂️ I think one of the most important reasons for oil to fall violently with tensions. It is the beginning of lifting sanctions on Iran, which may play a major role in restoring the flow of Iranian oil to the market have a look below our last analysis running 1000 pips
A detailed explanation of the BUTTERFLY harmonic pattern 🦋 🔹 BUTTERFLY is a reversal pattern consisting of four waves, similar to the Gartley and Bat pattern. They are X-A, A-B, B-C and C-D waves. 🔹 Helps you identify when the current price movement is coming to an end, this means that you can enter the market as the price reverses its direction. 🔹 There is a...
Gold on the hourly chart is trading within Wolfe’s structure, and we are waiting for the completion of point No. 5 at the 161.8% Fibonacci extension of wave 3-4 Therefore, I think the best package to buy is from the levels 1945: 1940 and then target the levels of 1990 The level of 1925 must be the level of the stop and the failure of the model
A detailed explanation of the SHARK harmonic pattern The Shark model was discovered in 2011 by Scott Carney. It is somewhat similar to the crab pattern, and the most important characteristic of this pattern is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers with Elliot Wave Theory. The shark model is...