Seems like Gold will fall again for while and whit this bearish divergence of the indicators. A target could be 1200.
this could be a X wave or a V. More important is that its a upward wave. Target at 30,46 and stop at 22.
After reach 38, wti will probably resume fall and get to around 20$, wich in my analysis can be a bottom zone from where the Oil will surge to a larger recuperation.
seems like correction, we possibly have an ending of 5 wave. if it retrace 38% of the whole five structure, then we possibly can get 45% of profit.
Target around 38$ Bold. Wont stay long for weekend. Alternative counting would be (A) = (C), which already happened, then fall for a X or (1).
It Looks very reliable that we have an ending diagonal triangle right here on brent. Could mean ending of correction and starts of new down motive wave. This is an idea that goes against my last post on wti. Not totally because i mentioned an alternating counting, that agrees with this one here. Should have looked to brent before posting that one but it doesnt...
now that wave four has reached a top (Previous HS neckline) i think it will go sideways and then wave five starts to resume fall again. I still do not thought on a bottom to wave 5, but will be below 25$ i think.
THink this time we have a bear flag, and gold can suffer a correction after a X^2 shape up trend. After correction it will probably, but im not sure, resumes uptrend
think its wave three time, after a correction, its resuming fall
well, a down trend (red channel) was up before this retracemente begin, about 13 days ago. now a up trend (skyblue channel) seems to be working but it reach the top of the old down trend. if it really get trough it i think the can get get to 36,5 or 37 till thursday. So im long till there :D