Sharing important support and resistance Fib levels to watch for
High levels
1 $ 2079.60
2 $ 2280.93
Low levels
1 $ 1813.88
2 $ 1731.80
3 $ 1649.71
4 $ 1532.86 (apr 2024)
You can take these levels and place a Fib retracement tool between them to get more granular on say a daily or 4hr chart.
I'm labeling Elliott waves with the expectation/prediction that we will have a ending ABCDE as the 4th wave and 5th wave to $2280
As of now, wave C of (4) has retraced 50% , which is a characteristic of a wave 4, but it hasn't travelled sideways enough in my opinion, thats why I'm going for an A-B-C-D-E as the 4th wave - to eat up more time.
As of now, Mar 15, 2023 we are having banking issues, war, all kinds of stuff. I know all the gold bugs want gold to $3000 tomorrow, but I think it'll not happen as fast as many are saying.
High levels
1 $ 2079.60
2 $ 2280.93
Low levels
1 $ 1813.88
2 $ 1731.80
3 $ 1649.71
4 $ 1532.86 (apr 2024)
You can take these levels and place a Fib retracement tool between them to get more granular on say a daily or 4hr chart.
I'm labeling Elliott waves with the expectation/prediction that we will have a ending ABCDE as the 4th wave and 5th wave to $2280
As of now, wave C of (4) has retraced 50% , which is a characteristic of a wave 4, but it hasn't travelled sideways enough in my opinion, thats why I'm going for an A-B-C-D-E as the 4th wave - to eat up more time.
As of now, Mar 15, 2023 we are having banking issues, war, all kinds of stuff. I know all the gold bugs want gold to $3000 tomorrow, but I think it'll not happen as fast as many are saying.