Eliottwavetheory
GOLD XAUUSD analysis possible sell opportunityHi traders, for upcoming week i expect drop on gold, but first price needs to complete that pattern, interesting spot for sell will be around fib 0.618 (1849.50) or 0.786 (1856) Watch it as price is completing that pattern for sell. My target for that sell will be 1820-1815.. good luck
BG Breaks Long-Term BEAR TLWe have a 3rd Eliott Wave completed with RSI on Over Bought.
MACD is getting horizontal.
I think it will throwback to confirm the break over the TL, it will let the price breath for a while to take another impulse and complete the cycle.
We can expect the throwback right on TL what coincides with 0.618 of 3rd impulse and 1 of all the swing.
5t wave objective on 1.618 of 3rd wave.
Will see.
USOIL Double top expectedHello traders!
These are Elliott waves and I am expecting a double top and a drop to our target which is at 32.30. If it keep pushing upward than trade should be closed in a loss.
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USOIL Target
BTCUSD SHORT Hey.
Wave analysis and support levels indicate that Bitcoin and the entire market behind it will face a strong correction to the 7800-8000 area. After that, a strong rollback or flat is possible for several weeks. The second option is a hike to the first support level of the 9300-9500 area, after which the growth will continue.
Bitcoin Bulls ready to unload?Strictly from a technical perspective BTC is currently under period of consolidation following a impulsive leg to the downside
Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload
Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000