S&P Daily Chart Behavior: 1. Trend is bearish in long term. 2. Price rejected from falling resistance line with almost retracement level of Fib 70.7%. 3. Now the Bearish Flag Break down. 4. Bearish Divergence generated.
Monthly Chart Analysis: 1. From last 10 Dec monthly candles 8 were Bullish. 2. Falling Wedge in long run. 3. Recent Higher Low defined with false Breakout. 4. Series of Lower Highs. 5. Recent two bottoms defined by Bullish Divergence. 6 Price Rejection expected from bearish trend line where major resistance zone also exist.
Trade Plan - Short: 1. Bearish Divergence at top. 2. Price Reversal from Major Resistance Zone. 3. Price Moving in Bearish Flag Pattern. 4. Bearish Gartley Pattern completed. 5. Trade should take place when Rising Support line break down and makes new Lower Low.
Daily Chart Analysis: 1. MACD Divergence made on daily chart. Elliot Wave: 2. ABC corrective waves completed on this level Resistance Zone: 3. Major Resistance Zone here at this price level
Price Behavior of weekly chart: 1. Three drives bullish pattern. 2. Four Bar Bull Run after breakout. 3. Price range bound after bearish Trend line Time Cycle: 1. 38 Weeks first bearish trend. 2. 35 weeks second bearish trend. 3. 36 weeks Consolidation after first bearish Trend line breakout. 4. 36 weeks consolidation period is expected after second bearish...
Monthly Chart Analysis: 1. Sign of Trend Reversal after making Lower Low. 2. From 1980 to 2021 when gold in bearish trend the month of Dec mostly Bearish 3. Double Top. 4. Same Time spend in distribution phase as last time. So my bias for Dec-22 will be the Bearish Candle.
TRADE PLAN - LONG: 1. AB=CD Chart Pattern completed. 2. Price takes reversal after completing AB=CD Pattern and consolidation in PRZ. 3. Falling Wedge Breakout and retested.
TRADE PLAN - LONG 1. Price moving in Bearish Channel and currently at bottom line of this channel. 2. Perfect Bullish AB=CB Pattern completed. 3. Price movement is in the PRZ. 4. Trade took with strict stop loss.
TRADE PLAN - SHORT: 1. Symmetrical Triangle Break Down. 2. Series of Lower Lows and Higher Lows. 3. Bearish Engulfing Candle at recent lower high. 4. Strong Resistance Zone Developed. 5. Falling Resistance Line (Bearish Trend Line)
TRADE PLAN - LONG: 1. Bullish Flag Breakout. 2. Making Higher highs and higher lows. 3. Taking Support from Rising Support Line. 4. Bullish Engulfing Candle at recent higher low.
TRADE PLAN - LONG: 1. Descending Triangle Breakout. 2. Making Higher High and Higher Lows. 3. Bullish Engulfing at Recent Higher Low
TRADE PLAN - LONG: 1. Falling Wedge Breakout. 2. Rising Support Line intact. 3. Bullish Engulfing at recent higher low. 4. Making Higher High and higher lows.
TRADE PLAN LONG: 1. Bullish Flag Pattern breakout. 2. Making Higher high and Higher lows. 3. TP-1 will be the Fibonacci Ratios Target. 4. TP-2 will be the ultimate Bull Flags Target. 5. Last Bullish Leg Retracement Completed 0.618 Fib which is common in Gold.
TRADE PLAN - LONG: 1. Three Drives Pattern (Bullish Reversal) Completed here. 2. Falling Resistance line breakout. 3. Bullish Engulfing Candle made here at breakout. 4. Strong Support-1 and Support-2 Exist here.
TRADE PLAN - LONG: 1. Head and Shoulder Reversal Pattern. 2. Bearish Trend line Breakout with Good Bullish candle. 3. Start making Higher High and High lows.
TRADE PLAN - LONG: 1. Bat Chart Pattern in play. 2. Price starts moving in Higher High and higher lows. 3. Immediate support will be here below of recent higher low. 4. Price in Bull Channel. 5. Bullish Hammer Candle made here.
TRADE PLAN - LONG: 1. Bullish Bat Chart Pattern Completed. 2. After Bat Pattern completion price completed Potential Reversal Zone (PRZ) 3. Made new high at shorter time frame. 4. Made Double Bottom.
TRADE PLAN - LONG: 1. AB=CD Chart Pattern complete here. 2. Bullish Engulfing Candle at made at bottom.