When I was small And Christmas trees were tall We used to laugh while others used to play Don't ask me why But time has passed us by Someone else moved in from far away Now we are tall And Christmas trees are small And you don't ask the time of day But you and I Our love will never die To kiss and cry, "Come, first of May"...
We were taught AND “instilled” that “trend is our friend” never trade against the trend. But “trend” only exists 20-30% in market. Why not learn and mastering the art of trading in sideway/ranging market 70-80% of time?
Gold’s 1980+/- is confluence of 1) Order Block / Demand Zone 2) 4Hours 233 ema.( white).
Gold start trending down to 1790 +/- for wave e (green) ( not shown on chart) with ( out of proportion ) expanding ABC ( Red circle).= as many Elliott wave Practitioners may question its validity.
Mr. Gold giving us (2050 - 2010) = 40 bucks to earn from the yo-yo games ( buy and sell )..
Topglove hitting major resistance @ 233 fibo ema with head and shoulder pattern.
Mr. Gold Market after getting “hard” and “shooting up”..He need to have “yo-yo” “soft landing “ first.. “accumulating” some “energy” on his new “base”..before.
Gold. With price breaking previous high of 2049+/-. Gold indeed completed wave A ( Red Circled) of expanding flat pattern in wave e ( green) of triangle as my previous ideas on 25/March/23.
Mr. Market always the master player of “Greed/ Fear” games meters. Where he “ always “tunes” our emotions to extreme level! In fact we have “symmetric/ contracting” triangle! But it’s “bullish type!” at wave b (light blue)(Cyan) of double three complex flat pattern. (w)(x)(y)(red).!
AAX is waiting for its restructuring plan before taking off to next level as it already “built” a yearly “base”..
The Star ( major media/ newspapers group ) in Malaysia have a new major shareholder from TheEdge Group.
Mr. Gold’s Market enjoy his 2 more roller coaster “ride” before we’re “losing” our “belief/ direction”.. with “parachuting jump “..
I’m reviewing what Mr. Market try “presenting” “his hints/setups” to us even he is in “holiday”..Tesla’s 130 +/- are confluence zone of 1) Anchored VWAP ( white moving Average line) 2) Demand Zone 3) Uptrend line ( cyan).
MI’s Price have broken 1.60 Choch ( change of character) level. Confirmed the reversal by completing running flat (A)(B)(C)(Cyan) pattern.
In trading we probably “trust” nobody even we need to “question” our “own” “bias/ analysis “ very often with “update / upgrade ” “skills” by following MR. Market’s “footprints” very closely...
Tesla seem like testing “flying” its “world largest rocket” to the moon first before taking off with its most costly “batteries”.
Gold probably will be showering its “head” with “leg and knee” shampoo twice.
Ralph Nelson Elliott “discovered” Elliott wave during 1930s and published it comprehensively on his article “Nature's Laws: The Secret of the Universe in 1946”.. He had “rule out” that there is only 1,2,3,4,5 subwaves in any impulsive wave ..”Unless” in leading/ending diagonal wave 1 or 5. But we should ask the big WHY?! Why, every elliottian always have these...