The higher purple line is Stop Loss area , the Targets are clearly mentioned in chart.
remember this is a monthly chart!
This may look awkward , may look a nightmare , but still this the best scenario i found on this , so this decline from the top of 100 may continue to end somewhere around 82 level , so may this help ya to find way out with this.
will track this continuously.
lower bond of the bigger fork plus median line of that smaller one makes it hard for anymore drops ! this will impact gold and dollar index as well. #USDJPY #USDYEN #GOLD #XAUUSD #DXY
the stop loss is clear as well as the tp. Haters could curse or whateva ,....
this is such an important level to watch very carefully , if it breaks it could drop some more .
this is on a weekly time frame so then you need to be patient and also need to have some studies on lower time frames . these signs are obvious to me here so there need to take heed on.
I've been consistently looking on this chart for like ages now i'm pretty riding this ! so guess it'd recover a lil bit till 10-13 July then decline in the way and again ...
The beginning of a bull trend to shape the B wave of a correction , it's time consuming and not sharp and will never start an impulsive wave in any short term , so you have to had the knowledge to kno when to get long , when to step out and when to short the market .
A new up trend for the last rally forming ? or just a kiss & goodbye ? will see !
Despite is not yet obvious but the thing I can see on this chart is a massive uptrend for like ages ! is soon to guess whether the A - wave is finished or not but the c - wave is yet to come. Whats' goin on in Australia or a huge decline on US$ looming ? will see .
am waiting for a trigger to get long on this . first target for this advance move ahead is abt 114$ and 130$
waitin' to get long ! No Short positions ! the red line is the stop of this chart ..
i'm on here like i'm gettin full margin on this ...
there could be end anywhere in that red box , but still days to end this last wave up ... Out of this market.