elkuko21

elkuko21

We have a few possible patterns in the hourly chart: bullish cypher (green one), bullish gartley (yellow one), bearish butterfly (red one), and a head & shoulders (purple line is the neck). Definitely quite a few opportunities coming up next week. I'm personally bullish in a longer time frame so I would probably pick one of the bullish patterns.

elkuko21 Updated 

Following a possible cypher pattern in the hourly. Gold bounced from 1180 and reversed with strength. Expecting a bullish movement next week. Lets see if it completes.

elkuko21 Updated 

Entry 1197.5, SL: 1203.1

elkuko21 Updated 

I've been watching the 38.2% retracement of the previous impulse leg as a potential reversal point ( daily chart ). There is a possible AB=CD extension pattern in the hourly. Also, harmonic swing gets near that extension and within the support area from Jan 13th. Entered a short position at 1198.4 with a PT1: 1192.7 PT2: 1188.6, SL: 1202.8

elkuko21 Updated 

A possible cypher pattern in the hourly chart. Price is near the top of the regression channel plus near 38.2% fib retracement of the longer time frame. Expecting the highest of 1221 before pulling back to the completion of the pattern.

elkuko21

Looking for a completion of the cypher pattern. It needs to break the 1171 support. If it does, I'm very positive that the pattern will be completed.

elkuko21

The chart pattern gather all the requirement to a BARR. lead-in height is more than $1. Bump phase at least twice the lead-in height. Trend line is not horizontal. Rounded bump

elkuko21

We are in the middle of a pullback...StochRSI is oversold (almost at 0). That gap at 4.18 might be closed before moving up..I'm adding in that level.