first six months of the year has been bad for nasdaq. it has made more than 30% correction after coronavirus boom.
this series of lower low and lower high has made falling wedge pattern
in this downward correction because fed QT beginners investor made loss while big investor were waiting from sideline for 30% correction.
new quarter and new half of the year and...
btc price after a big bearish shock is making a inverted head and shoulder pattern
this is possible sign that btc has made a bottom
neck line has already breakout and now testing
H2 2022 can be correction rally for btc in 2022
gold price made its first impulse wave from 1786 to 1869
since it made top at 1869 it was making complex sideway correction
WXY aka double three with y making abcde triangle (with hammer confirmation on final wave E)
since this gold bull rally driven is driven by upcoming gold crazy bull rally like march 2020 to august 2020
recession and stagflation in...
gold price are making strong support near 1830s area
the lower trend line of the channel has been tested two times now price is testing the trend line third time
next target is upper resistance zone near 1900
since trend was first made bottom at 1786 china announce they will ease lockdown
second retracement bottom near 1828 was made when china reopened after...
this pair has made side way correction below yellow trend line and it has also made strong horizontal support
if yellow trend line breaks (you can take entry at strong support) before breakout
and seller wait for retest of upper yellow trend line or clear breakout of lower support
gold price wxy wave has made a possible parallel channel at 1786
the upside target 1890
wave X making 50% retracement in form of flat correction
wave Y made abcde triangle in the middle before touching lower trend line
gold price made tipple bottom near 1680 since price is making higher high and higher low along a yellow ascending trend line zone near 1835 1825 support zone
price has already made 50% retracement next target will be 1827 (0.618 retracement) near strong support 1835 and yellow trend line
if price makes bottom near 1827 retracement and yellow trend line than...
gold price made bottom at 1677 since than it made higher high and higher low which gave us clear up trend
from 1677 to 2070 was our first wxy wave which has made its 50% zig zag abc retracement near 1874
we expect market bottom at 1875 (near 50% retracement)
and continuation of our bullish trend with new higher high above 2070