PA marked new high on Friday to the pip of 113 ext. from Oct. 1st high @1.86828. Very close to 1.88 even handle. Is it going to reach the 88, time will tell, but a rising wedge collapse is imminent for a nice short into 856 support
Smaller ABCD completing around 83 handle (82988) with the larger one completing @815 (monthly TrendLine)
After breaching "The Wall" at 1207 (Golden Cross) and making new high Gold retreated on insane NFP data. However the pullback is limited and regarding $ strength embodied in DXY, Gold is holding quit well. The correlation $ vs. Gold seems to fade and more bullish movement is expected.
Since PA made a new low on Friday, the opening on Sunday eve will be interesting. ABCD completed with possible bullish butterfly lower @1.5536
The "Golden Cross" right in the PRZ (resistance zone) pushed Gold lower. The overlap of 61.8 and 161.8 acted as a wall on Gold attempt to cont. bullish move. The recent PA is in line with the overall bearish trend. However, the breach of 1146 hasn't happened yet. Since Gold made a new high, this Higher Low could show that 1131 was the bottom.
PA gaped down on Monday open. Still in channel, potentially completing the bull crab pattern @8382
Since making the top at 580.99 the PA created the megaphone pattern (descending widening wedge). The swings within the wedge made an astonishing pattern. PA retraced exactly to the 78.6 - 88.6 fib. zone on every single swing low. No coincidence, since this occurred 4 times so far! According to this, the next swing lower should retrace to the 78.6 - 88.6 zone...
The PRZ is marked. PA inside. If daily doesn't violate the DT (closing above the PRZ) by making a new high, this is a very nice short.
Nice flag pole with bullish flag (pennant). Possible butterfly completion @196.37, but since the PA was so close to comply with crab I draw also the bullish crab completing @203.78. Two nice gaps should be closed :) Observe the strong RSI divergence.
Polaris is a short on bearish shark (blue). Will PA reach and break the TL (blue) for even a larger drop into bullish bat completion?
Pa has marked the whole range of the PRZ. If PA doesn't violate the Zone a very good RR (3.5) into T1 and (5.86) into T2.
The bull bat (green) hit T1 and T2. Possible bearish butterfly completing @133, so a rally into 133 is possible. Watch the RSI hidden divergence on PA.
After completing the bearish bat (green) to the tick possible bullish shark and bat completing at same level 280.83 for along, if the PA reaches that level.
PA already triggered the bull shark close to $40. If PA turns down to test the lows possible long on 5-0 near weekly TL @37.4
If poor Silver breaks the channel, possible testing of lows and bat completion @16.788
Bearish gartley completing @6657, bearish crab completing @6692 and ABCD completing @6808.
Completion oh H/S into bullish cypher and bat for a long. PA didn break the daily TL yet.
After turning on 161.8, Silver made a nice rising channel but couldn't break and close above 17.46. Instead broke the channel to the downside. Eager to see the 17 odd handle holding as support, if not, a double bottom would be even better.