Oil is in the 5th wave of the big C and it seems that it will go down to the range of 86-85 dollars. If the ceiling of $99 is broken, the analysis will be violated
The head and shoulders pattern is clearly seen in the chart. Fibonacci proportions are established between the head and shoulders, and there is also a divergence between the left shoulder and the head.
We are currently in corrective wave B and the end range of this wave can be 140 and after that wave C will start. We will have a deep correction in Euro/Yen
The Dow Jones Industrial Average is pullback after breaking the trend line and can grow up to 34069 units.
Following the analysis of the previous monthly time and gold of the previous 6 hours, after completing wave (c) of wave 2 from a higher degree, we had a rapid decline. We have to wait for a correction to complete our wave 2 of 3 degrees higher and again see the price fall to at least $ 1734. You can wait until the correction is completed and use the next sharp...
It seems that wave a of D has ended and we have entered wave
According to the long-term analysis, Wave 2 of the larger degree is expected to complete around $ 2,000 and start Wave 3.
Gold in time frame 4 hours Continuing the analysis of the monthly gold time, in the 4-hour time, wave B of the Felt correction pattern is currently being completed and we have to wait for wave c of B. After that, with the formation of C wave from the wave of wave 2, we complete and enter the big descending wave. But we have to wait for the full waves to form to...
EURJPY Monthly timeframe It seems to be forming a zigzag that waves A and B have completed and entered the last wave of the zigzag and can grow up to 200.
Continuation of monthly time analysis In the 4-hour timeframe, it seems that our big wave 2 is forming in the form of a flat. Which we now have in wave b from wave B and we must expect the triangle to break and wave B to be completed. After the complete formation of wave B, we can estimate when wave C of the big 2 will end to enter the sell position.
Gold is completing the C-wave of 4 in the monthly time frame. We can expect the end of C-wave at $ 1618, then gold will move to $ 2322 in the long run. To enter, we have to get confirmation by RSI and then we can enter sell positions
Oil is resting and forming a triangle after its great price growth. At the moment, it seems that the D wave has started and with the break of the trend line, it can have a relatively good price growth. After the break of the triangle, the price of oil can reach $ 125
Gold has completed a 5-day downtrend and looks like it will move upwards after pullback to $ 1775 and we will have to wait for the fall again.
The gold trajectory we expect to happen. Do not forget the loss limit
It looks like gold is completing wave B and we have to wait for a drop in gold
Gold appears to be ready to break out of its downtrend after a proper correction and experience growth up to $ 1810-1830.