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...
We're supposed to at the final sub-wave 5! Let's catch it.
Gold is still bearish, and we're in the wave 5 sub-wave 2 correction move. We focus on the sell opportunity after correction is completely done, then catch the final sub-wave 3 Trading is almost wait and see, enjoy
Gold is on the Wave C of sub-wave 5, in the daily chart, there is a liquidity here, it will be sweep soon, the target will be around 1790 to 1760, but market is varied, so we need to plan the trade every day, from the previous idea, we've sold gold around 1940, I don't see any buying signal appear, so keep your eyes to catch this BIG trend around 1000 pips
The wave 3 is generally expected to be fibs of 1.618. Gold paused at the 1873 level, we catched it around 800 pips, so we may observe a correction move to the fib 38.2 or 50 level, also we can see the imbalance or order block, the correction will create a sales opportunity again! This catch shooting will let you retire, hope you guys retire from this shoot.
Market is still bearish and a little boring, now the GOLD may formed a falling wedge at BIG Timeframe, it may takes a few month to completed the chart pattern and go long. and now we're in the final wave 5
The wave 4 is almost near wave 4's invalidation It's a chance to short with very small risk to get the wave 5's profit
Downjones is in the uptrend channel and just touch the bearish OB to form the wave 4, Now if breaks the red line, it's the confirmation to toward to the wave 5
GBPUSD has a potential leading diagonal of wave A. This fact alone will put you above 50% of traders.
We're in the wave C moment! Let's see how many targets will be hit.
Time to catch BIG WAVE 3 possibly. Currently, it formed a flat correction wave of wave 2, Once it breaks the red line and we can suppose that are going to formed wave 3 Don't miss this opportunity.
Current we are in the wave 3, and last time my chart analysis mark the OB level is perfectly have a good rejection here, now we are looking for wave 4 where it is. It's around 1956 to 1960, there will be a sell opportunity to catch final wave 5, it's around 1925 level.
Currently, the price reject at fibs of 50%, the channel top to complete the wave B, Let's wait for a pullback to catch wave C Expect the price to sweep the swing low, then touch H4 OB, then have a pullback.
DOWNJONES is going to complete the sub-wave5, wave 3, and watch for break the red line to complete wave 4 of abc correction wave, and then consider to buy at wave 4 zone again.
Accroding to the Elliott Wave rule, we are currently in the sub-wave 2, zigzag correction(5-3-5) sub-wave a is an sell side liquidity, expect the price to take out the liquidity then toward to formed sub-wave c, and wave c is the best position to buy and hold it as long trade if you guys miss the buy trade at around 1075 level. Because sub-wave c is Fibs 61.8%...
At this stage, we supposed that EURJPY has completed the correction wave B This is an running Flag pattern, we focus on the price to breakout the red line to confirme the Wave C is ongoing. Watch for the breakout to catch BIG wave C!
Currently, I suppose that the final wave 5 is almost completely. Watch for the break out profit to catch wave A possibly
Last time Gold is perfectly touch 1943 level, then pullback. In the sub-wave 4, there is an imbalance here, and currently is rejected by the price. Let's catch final move of sub-wave 5, target will be around 2000 level