Gold Y wave still unfinished and more downside to come. Yellow box would be an amazing buy! Keep an eye on 1647/1610! GOODLUCK!
SPX500 broke Fibo channel and seems wave 3 finished. Now we be looking for a pull back that represent wave 4! As per the rule of alternation, wave 4 will exceed 0.382 level taking into account wave 2 pull back was shallow. GOODLUCK!
Price approaching 0.618 level. If the assumption of having EDT as wave A and this pull back represents wave B then we should see another high towards 94 area as wave C! GOODLUCK!
Last trade we got stopped out on breakeven. This is the last try tho Sl is a bit far.. If however touches invalidation level then target would the 200 SMA I'd would say.. Invalidation: 1785.13 GOODLUCK!
RSI DAILY MAKE IT OR BREAK IT mmmmm Time Analysis: Weekly Chart suggesting the TOP to be placed today 9th April 2021 and hence drop to start from next week. Will it happen? Time will tell and will display more scenarios to look at maybe.. GOODLUCK!
Not clear enough but might be worth the risk taking into account SL is very near. GOODLUCK!
PRIMARY: Wave 5 = Wave 1 + 3 * 0.618 = 4,104.9! This is the limit! no more upside allowed! If however broke it strongly then price can reach 4300/4800 area! I really doubt it! GOODLUCK!
TWO SCENARIOS POSSIBLE AS SHOWN IN THE CHART.. BIGGER PICTURE: IF WAVE 5 = WAVE 1+3 * 0.618 THEN SHOULD END COMPLETELY AROUND 15,150.1 GOODLUCK!
As stated before, the recent sell off was nothing but a corrective wave and I was calling for buys when everyone was selling.. I am not saying the market will collapse now but if does then it makes sense and there is enough evidence to support it! On the other hand, more ATH's still makes sense too! It's all about assumptions, biases and having a set up. My...