rayshen0411

rayshen0411 Updated 

We have an entry on the top already and holding serveral days. Now we may have another opportunity to have another entry at the sub-wave 4 for short tern Let's observe it.

rayshen0411

In the higher timefram, it's in the weekly timeframe correction move of wave B and now we can expect the price in the sub-wave 4 to push higher toward sub-wave 5

rayshen0411 Updated 

The gold is a strong bullish trend of wave C, the first target 2340 is reach, but never found the reverse patterns or signals so far, and we've hold this position over 57 days, gain 3500 pips The next target will be 2550!

rayshen0411 Updated 

Well, yesterday was FOMC, and we got the nice 670 pips profit and enter from the botom of 2155 level. The Gold currently formed wave 3 in Higher TimeFrame, we can expect the wave 4 of ABC is coming. Don't miss this chance and get the confirmation in the lower time frame

rayshen0411 Updated 

Indicates the end of a corrective wave, which took the form of a double zigzag pattern. It seems that the pair has started to form a new bullish wave, represented by the wave 3 and 5. 💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave 4. This pattern should take a different form than a triangle. ✨If...

rayshen0411 Updated 

Indicates the potential leading diagonal of wave (1/A), which took the form of a raising wedge pattern. It seems that the pair has started to form a new bearish wave, represented by the wave (2/B). 💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave (2/B). This pattern should take a different form than a...

rayshen0411

In the higher time frame, it formed triangle pattern completely match to the sub-wave e point is wave B, let's catch final wave C!

rayshen0411 Updated 

Today is a BIG news comming, around 5 hours left is going to release CPI news and as you can see, it has a correction move, I suppose that the price will push higher, then go down to completed the sub-wave 3, it's good opportunity to catch it with smaller risk.

rayshen0411 Updated 

Currently I supposed that the wave B is completed, and we have an opportunity to place a short position to catch Wave C in the High TF correction wave.

rayshen0411 Updated 

Currently, the price jump into the OB zone, and it also fibs of 50% it has an opportunity to place short position with a good risk reward to catch the complex correction wave Y

rayshen0411

Last time I mark out 2 scenarios of the key POI, and now the market goes to bearish We are running in the sub-wave c, wave 2 According to the Elliott Wave Principle, the market consists of cycles consisting of impulses and corrections. We trade in impluses, we prepare for the next trade in corrections. So its time to prepare next short trade on XAUUSD, will you join us?

rayshen0411

Currently at this scenario, I supposed that the gold is completed the sub-wave 4 and toward the sub-wave 5, another scenario is breaks the downtrend structure. at this moment, we keep our eyes

rayshen0411

well...We hold positions around 17 days and made 1450 pips! at the last post, I've predicted the price was going to break the 2048 liquidity level, and now it break! and we're in the raising channel and the highest point we marked out as sub-wave 3 we wait for the sub-wave 4 is formed, then catch the final sub-wave 5, and the main wave 5 will be around 2200 level

rayshen0411 Updated 

Currently, the gold is going to have a ABC correction at the higher timeframe and it goes to my 2nd scenario at last week what I mentioned. For 1H timeframe, we can see the bullish trend is not the end yet. I'll look up to the 2048 level first

rayshen0411

Last time we catch the sub-wave a around 800 pips and predict the sub-wave b reverse perfectly at the breaker zone and now we are about to catch the sub-wave c successfully again this scenario is what I look another scenario is the sub-wave a is sub-wave 2, and touch the OB zone, then reverse, start the sub-wave 3 so we need to take a plan always every day, good luck

rayshen0411 Updated 

I supposed that we are in the countertrend pattern, which is wave B with big degree and the current move can be sub-wave c and it can be devided into 5-waves OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart. the...

rayshen0411

We're within the correct pattern of ABC, when the impluse is completed, we usually catch the wave 3, because it's the biggest trend from the elliott wave theory, if you guys don't catch it at the top, then we can wait for breakout the red line.

rayshen0411 Updated 

Gold is currently in the WAVE C, I supposed that the sub-wave 3 is formed, we need to look the sub-wave 4, then sell at sub-wave 5 to completed the WAVE C. the market is always changed, sometimes, I look the overall trend is bearish, but hold correction positions will become bullish, that's how elliott wave dynamically apply in the live trading. Sit and Wait is...