it seems pretty obvious that bulls will try to win back 0.5 - 0.62. long.
1 d. timeframe analysis lies below
on this sleepless night I'm struck by this art... this chart shows several elliot structures in one BIG completed descenting triangle. As you can see - we're getting at the resistance decision line and i'm clearly seeing that the correction seems ended and here must be a sharp bullish breakout . We've made enought Lower lows and lower hights and ABCDE...
Use this simple strategy to identify expecting trend reversals and directions which price might to go.
i can't imagine fundamentals , but technically it seems really possible
confirmed with classical bearish divergence. Short.
Possible bullish scenario in order of Gartley pattern
Bitcoin bounced well from the support line and long time has been trading under MA 50, seems it has pretty good accumulation and the price is ready to break out of this formation and test 8500 - 9000 area. Long.
1 w. 1 d. ideas lies below
First what we can see - that gold is in a big rising wedge. ok ? … As well you can see, that RSI continues to weaken creating a divergence on the chart, it is also worth paying attention to the formation of the head-shoulders pattern. So as you see - nothing comforting for bulls at the moment ,PRIORITY - short / middle terms - SELL/short .
Hello everyone ! There is a very important resistance line , it was a good support for a long time then broke, watch also at the death cross and growing RSI div. everything pointing at good possibility for taking shorts. My target lies around MA's 100 and golden section from all of that move . hope you won't miss it out. enjoy !
Hi everyone ! this is a small addition to my recent forecasts, here is a couple of new arguments that gold isn't ready yet for a jump, and the current situation is just a spike in order of zigzag of wave X. Also we've got death cross on 50/100 MA.
expecting more push to the upside . Tp. 8500 $
Hello everyone, you know, that in the previous forecast I was warning you about a possible bull spike, which we are witnessing at this moment. At the moment, we are testing the channel resistance and 0.5 Fibo, also you can see a strong bearish divergence on RSI. The plan remains the same, the final goal too. So in order of bearish flag gold is going to touch and...
Previous forecast for gold lies below. Also you can check my successful trading plan for bitcoin
just want to see it and laugh, fibo target is reached
the price just made another LL , and hit the support line of the daily channel so now i expect bull retracement to the main ressistence line