Bouncing between the .5 and .618 fib this is our entry! Since EW3 can never be the shortest we are aiming for a 1:1 target and a tiny bit more, for those of you who are conservative you should stick to 1:1 Entry 800-860 Target: 1: 1300-1600 ( depends on how conservative you are) 2: 2100-2300 ( read above)
Poe is looking absolutely beautiful, currently on the 2nd wave of a bigger 3rd wave. Bouncing between the .5 and .618 fib this is our entry! Since EW3 can never be the shortest we are aiming for a 1:1 target and a tiny bit more, for those of you who are conservative you should stick to 1:1 Entry 800-860 Target: 1: 1300-1600 ( depends on how conservative you...
There is a relatively clear Elliott Wave structure on the lower timeframes and it certainly looks like this market is pointing up for the next few weeks or so. I am looking to buy on any minor retracements as long as $812 can hold*. We don't really have any divergence on the 1h chart, but may have when (iii) is carried up into the potential resistance zone....
Looking for a third wave
Copper has potentially completed its Wave 2 correction and started its 3rd Wave. We see divergence to complete the wave v of C wave giving additional confirmations of the bottom. One can go long on Copper at current levels with stoploss just below 2.00 figure mark and Targets around 2.43 as Target 1 and 2.75 as Target 2. Its a nice risk reward trade. Happy...
Natural Gas after a large correction gave a fast 5 wave up rally towards 2.48 levels and since then has been correcting again. The correction has been in 3 waves which is complete or about to complete and we might see a new rally upwards from here which would either be a Wave C or Wave 3 and in both cases would go up. Therefore, one can go Buy Natural Gas now with...