GOLD: Dec 5, 2023 || Elliott wave analyst: Shane Hua EN: Bottom line: GOLD will continue to drop prices lower. The general outlook for GOLD is bearish with wave ii with a target of around 78.6%. While price must sustain below 2058. A move higher suggests wave b of wave ii may have taken place
Bottom line: GOLD will continue to increase in price with wave 3. Bullish price target for overall outlook at large wave level with wave 3 (circle) still moving higher. In the short term, GOLD may continue to move higher. While the price still maintains above the 2027.254 milestone. A bearish break above this milestone shows that corrective wave iv is underway,...
Bottom line: Bitcoin price could drop lower. The short-term outlook is that Bitcoin could continue lower around the 36231 area. While the price should remain below 37748. The bull market may return, but now is not the time. At least the price must rise above the high of 37748 to reinforce the bull market view.
Bottom line: GOLD will continue to increase with the 3rd wave. The general outlook is for prices to go much higher. Upside target is around the 2055 area. In the short term, the bullish view will hold while the price must maintain above 2006. When the 2005 mark is broken downward, it shows that the 1st wave of a smaller level is completing, and the 2 discounts...
After the end of the discount according to the Three wave pattern. Looks like the orange b-wave has reached its target. The next price increase is Subdivided into 5 following the orange c- wave. In an alternative lower probability scenario, the price increase since 105.451 follows a Three pattern. From there it becomes a Flat/Triangle pattern.
Bottom line: Gold should continue lower in a second wave. GOLD remains bearish inside wave (c). The ideal target is a test of 1934 or lower before a bottom forms
#USOIL #ShaneElliottWave #Shaneliot USOIL || Elliott Main wave count || 29 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: USOIL Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Light pink- Minute degree) ---
#AUDUSD #ShaneElliottWave #Shaneliot AUDUSD || Elliott Main wave count || 29 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: AUDUSD Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Second Wave (Green- Minuette degree) ---
#CHFJPY #ShaneElliottWave #Shaneliot CHFJPY || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: CHFJPY Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
#VNINDEX #ShaneElliottWave #Shaneliot VNINDEX || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: VNINDEX Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
#DXY #ShaneElliottWave #Shaneliot DXY || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: DXY Trading strategies: Short Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Second Wave (Orange- Subminuette degree) ---
#USOIL #ShaneElliottWave #Shaneliot USOIL || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: USOIL Trading strategies: Short Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Fifth Wave (Orange- Subminuette degree) ---
#GOLD #ShaneElliottWave #Shaneliot GOLD || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: GOLD Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Fifth Wave (Light pink- Minute degree) ---
#EURUSD #ShaneElliottWave #Shaneliot EURUSD || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: EURUSD Trading strategies: Short Timeframe Analysis: 4H Expect Main Elliott Mode: Corrective Wave Expect Main Structure: Double Zigzag Position: Wave ((y)) (Light pink-...
#GBPUSD #ShaneElliottWave #Shaneliot GBPUSD || Elliott Main wave count || 26 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: GBPUSD Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Second Wave (Light pink- Minute...
#BTCUSDT #ShaneElliottWave #Shaneliot BTCUSDT || Elliott Main wave count || 24 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: BTCUSDT Trading strategies: Long Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Green- Minuette degree) ---
#BTCUSDT #ShaneElliottWave #Shaneliot BTCUSDT || Elliott Main wave count || 24 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: BTCUSDT Trading strategies: Long Timeframe Analysis: 1H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Third Wave (Orange- Subminuette...
#GOLD #ShaneElliottWave #Shaneliot GOLD || Elliott Main wave count || 22 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: GOLD Trading strategies: Neutral Timeframe Analysis: 4H Expect Main Elliott Mode: Motive Wave Expect Main Structure: Impulse Position: Fourth Wave (Light pink- Minute degree) ---