Wild swings, but price reached it's B point, and looking for price to fall to 1.82890
Quick ride to the trendline. Expecting a retracement to possibly turn into an inverse head and shoulders to the upside.
Finished a 5 wave pattern, and saw the A move of the correction earlier today. Looking for a retracement back up for the B move, then the C move down to the 78.6%.
Fake Breakout at previous highs, but this time that resistance level is holding as support. May not see the retracement people are looking for to get long.
Looking to retest the purple trendline before pushing higher.
The world seems to be changing around us, and the US economy seems to be changing as well. Bond markets look like they're bottoming out, and showing signs of bullish behavior. Gold is doing the same. All indicators that the US market will fall as they are inversely correlated. The US has a lot of debt, and innovations to decentralize current processes are emerging...
A lot of buying power in GBP, brought this right up to a trendline resistance. Looking for a big correction to offset the recent bullish move. I see the past movements as the 1st wave, and we'll be setting up a for a large 3rd wave. Down week next week, to close the month just above monthly support. February into May will be bullish.
One small leg up before GOLD sets up for the short correction. Long term looking for GOLD to move higher, but after we see a move down into support.
Price looking to come up to set the neckline, and then expecting a fall back down for the right shoulder. Making our way right now to finish up the 3rd leg of a 5 wave pattern at the 23.6%. Retracement down to correct would be the right leg.
Price broke out of a falling wedge, and is heading up in the medium term. However, we broke out of a support trendline, so we're going down prior to the up move. In addition, a wave 5 pattern completed (wave 3), which should send this down to the 78.6% level (wave 4). This level is coinciding with the wedge channel and other trendlines. For the move up, i'm...
Failed head and shoulders brought price higher. Now we're looking for the pull back and retest back into the 78.6% level to finish the correction. Looking for a big move up to retest long term support turned into resistance.
Stops right above previous day's high. Price broke out of the falling wedge, so we're looking for a right shoulder to form on the potential inverse head and shoulders to take this higher.
Failed head and shoulders pattern. Price broke above the shoulders, and should now be heading for higher for a longer term trade. Entered long at 1.81005 SL: 1.80873 TP: 2.00170
Price reached higher than i expected, but gives it more the reason for the downside as it touches the channel top. We also see a head and shoulders pattern on the 1hr.
Already in a short at 146.916. Target is 146.331 into a long.