Rafaelalfonzo

Rafaelalfonzo

As per Elliot wave countwe have finished the 5th wave in the intermediate degree. All the criteria has been meet for it including 5 waves, extension 1.6 and divergence. The next correction has to reach minimun 50$ to 45$. This is high probability trade.! Good luck

Rafaelalfonzo

I feel like with recent price action , Gold need to grab some liquidity below 1740 before a big move to the upside.

Rafaelalfonzo

As seen is the chart we have just completed the C wave, reaching the 1.618 fib, plus reaching the upper trendline of a broadening wedge. From now onward we expect a BIG down fall toward 50$ or below.!! Be Carefull.!

Rafaelalfonzo Updated 

The pattern is repeating one more time, keep an eye on eurusd for buys, i also see a big oportunity on usdjpy sell.

Rafaelalfonzo

3 waves down to 34700 lets see.

Rafaelalfonzo

DXY is under pressure right now, we might see the price break down soon.

Rafaelalfonzo

Ascending Broadening Wedge Pattern is still in play, we have to wait the touch of the upper trend line and go short from there.

Rafaelalfonzo

the similitude is pretty obvious right?

Rafaelalfonzo

Head And Shoulder formation possible bearish movement coming.

Rafaelalfonzo

descending wedge pattern spotted. Be careful Sellers.

Rafaelalfonzo

Right Now the price is respecting the lower trend line of the ascending wedge, this makes me think that we can visit 28-27k price again or even lower, in the other hand if we regain and stay above 32400 then is a buying opportunity.

Rafaelalfonzo

BTC is forming an ascending wedge pattern be carefull.

Rafaelalfonzo

is it forming a similar pattern ? Lets see

Rafaelalfonzo Updated 

this pattern reminds me Gold a few weeks ago, we will probably see a false break down toward 27xxx area then a lower wick or a bullish divergence then resume of the bullish trend.

Rafaelalfonzo Updated 

Adding Short positions from now.

Rafaelalfonzo Updated 

Heading Lower IMO.!!

Rafaelalfonzo

PRICE TARGET 1880-1900.

Rafaelalfonzo

MAYBE BULL FLAG IN PLAY.!!