Looking for completion of Wave 4 from this extended wave. It is giving a nice confluence to the trapped bear/demand zone.
I see this impulse move that just happened as an extended move, and I believe we are in a corrective phase (south) before pushing further (north). This just so happened to line up with the trapped bear/demand zone.
Updated the count and what could be a potential with 3 and 4 waves formed already. If the count correct then wave 5 could end just below $12K. Looking at the daily and where the 200 MA is if we break below $36380, I think we will see price push back below $30K as we did earlier this week and even lower.
Option 2 short on BTCUSD played out off of a demand zone now SWAP zone.
Seeing the exact same setup here as I did with AUDNZD. Taking it north for 20-25 PIPs.
I don't usually like trading this pair but this is a nice setup with what we have. Going long for 20-25 PIPs.
GA has bounced off of a suppy zone, shorting to the black line.
Looking to short XAUUSD if we pass & check below orange line.
I have tried 3 times to publish this chart and only this chart.
I have provided some price projections based on the trading range from April 2021. Matching it up with what I see across the board for an all hands on deck move northward.
Overall expectation is bullish, hint of potential bearish momentum to below AOI.
If the count is right the first bullish position will be expected. If the count is wrong, then we can see the second bullish position and even the third option of the bearish push south as there are some areas of interest.
Target levels hit for both positions. Now looking for either continuation (BO) or reversal (FO).
Just adding a second position, SL and TP area for ME still remains the same.