Nawaf__Q8

Nawaf__Q8

The top made yesterday is so critical, if the price penetrate it then the wave level incorrect.

Nawaf__Q8

Prepare for the worst scenario

Nawaf__Q8

There is a good opportunity to make new local high in gold to complete wave 2.

Nawaf__Q8

I assume that wave V unfold now, so more decline ahead.

Nawaf__Q8

The pair pull back as wave 4 and there is another rise to complete impulse wave. Short term traders should wait until the thren is broken and then jump in.

Nawaf__Q8

I will consider this count until the opposition approved.

Nawaf__Q8

This pair moved like what predicted.

Nawaf__Q8

Since the last update, the pair rose as correction wave. There are other labels but let see how prices act with this one.

Nawaf__Q8

The vision is so clear now comparing to the last view weeks. the pair is about to begin new bearish wave. Closing above last top means the count need to be revised.

Nawaf__Q8

I made a little bit change in the Elliott wave label and I predict that the pair will go higher level.

Nawaf__Q8

Is there any way to predict %100 the next move of stock, commodity or forex currencies? Absolutely NO. Even with the best tools, analysis, and knowledge, you can't guess accurately where the next move without any error margin. This why capital management is so important. NZDUSD last week formed a clear 5 impulse wave and based on Elliott wave it must be followed...

Nawaf__Q8

Well, the puzzle has been solved and the gold in the bearish market based on the count above. Next week is critical for EURUSD and gold, they move against each other. Close above 1527.67 means the wave ii stil in progress.

Nawaf__Q8

It seems that the a big rally in the pair is coming within the next weeks. Once wave c completed, it is a good buy signal as the previous low remain intact.

Nawaf__Q8

Any correction from here I will count it as wave 2 of wave C. Watching closely.

Nawaf__Q8

Based on the chart, it is supposed the index will fall from the current levels. Aggressive traders should take positions early.

Nawaf__Q8

Can you guess what is the next wave.

Nawaf__Q8

There is opportunity to ride the next advance wave. We are in wave iv which suppose to be short and side way unlike wave ii. The wave C could unfold as ED.

Nawaf__Q8

There are two bearish count for DJI. The first count I suggest that wave b completed and we in wave 2 of wave c. The count will be invalid if price moves up to 26378. the other count shows that we are in the wave b which unfold as triangle. trade wisely and don't forget to manage ur trade.