I believe we are in Corrective ABC. we have done amazing 2nd run towards almost 1000$ and I believe B is ending here and C down towards 430$ for more accumulation. It is still long way to adopt such blockchain technology commercially , but certainly many banks like BOA have started to have patents on blockchain and ...
Amid all bottoming speculations and Rate Hike in 2016. Gold and Silver gave tough time to the Bull Speculators at end of the year by diminishing the bull story for almost 80%. For EW, it was expected, though it was quickfall even for them.
I believe a long term traders should try to take small chunk of buy at ...
This looks like potential larger ZZ ABC with B towards 52.75 and C towards sub 49.
if you notice in lower TF, B looks very corrective in nature and not the impulse creating bear flag. yet manage SL above 54 as oil always overshoot the targets either sides
Entry Price: 52.75$
Target: 49 or below
I believe that we may do pullback on daily or weekly chart but the bull is still intact for next 1 or 2 months as we have structural breakout from Consolidation and we are in midway of impulse (5th wave).
My First target would be around 2435
you can take entry at next pullback around 2240 and target the 200 ...
XAUUSD Looks like expanding flat ABC in making. any extreme retrace also make valid pattern to trade downspike. by previous impulse and fib line, I suspect quick spike to 1144 atleast and then Up. Any thing below is dip buying.
I do not call for short at this levels. just watch and do the dip buying. larger trade ...
Can be expected to touch the top. Start shorting from the red region.
I dont care about winter/weather or this or that.
I trade wave counts and patterns.
if you have fundamental issues pls dont take this trade,
and rest of you who do short, enjoy the ride with me.
I will be posting update on lower ...
I tried to put all possible wave count.
look for b wave upside for long setup for next week.
I believe that dxy will go into consolidation for bull flag.
Fib target for (b) is 1.25490.
I will update any change.
Weekly structure suggest huge bullish Flag with ending corrective structure. it could be 3 or 5 waves.
Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more.
So the fundamentals totally supports the technicals to dxy for breakout above 100.
Strength of DXY ...
EURO is doing huge bear flag and might break down on longer cycle.
We are in corrective structure making flag making D wave. Apparently, given more chaos and currency price wars we can slid down to a parity as 1$ -1euro. though we have chance to bounce back and make E and then drop down.
For Near Short term, it ...