stalfin

stalfin Updated 

XAU base Wave counting scenario. After mixed employment data on Friday, market sentiment has turned to a weaker dollar. May be an early signal of the end DXY rising cycle. If so, watch Euro and XAU start a new prosperous cycle.

stalfin Updated 

- Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner. - The Upper Cross...

stalfin Updated 

Buying in the pullback following the Head & Shoulders depicted on Gold 1H chart above. Incoming Stochastic buy signal near the support level of 1767 and also oversold as per Bollinger Bands. The Head & Shoulders consist of 70 bars in total, and is acceptable to be considered a standard pattern. Entry @1767. SL @1757, TP @1790

stalfin

After November 2020, S&P has a nice upward trend and shoots up without adjustment of 5% or more, surely in the midst of Wave 3. For average lines are separating clearly in a nice rising trend of Wave 3.