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21/11/24 - Gold targeting at least 50% correction Hi trader, please see my current idea on Gold. I think we are done with our bearish impulse, due to our 5 wave structure and this big divergence on the RSI. A 50-61.8% Fib retrace is the conclusion and our profit areas. DXY should be weaker now. This is because of FED's released its minutes. What I have read in the paper is, that the FED is generally going to increase rates sooner depending on the inflationary environment. This news is nothing new for investors, since the increasing of rates is the only possible way to hold inflation under control. However, I think this news is already priced in the Dollar Index. Have a great evening, RT
OANDA:XAUUSDLong
by RT_Trading_
9
SHIBA INU - 20x of 2020'sHello everyone! This is a chart analysis of Shiba, I believe the leg down from .00005 to .000007 seems to be a portion of the correction leg that occurred in Bitcoin between April and September. The future price gains are expected to increase within a few years. A strong bullish move up to (iii) and (v) wave levels are expected, to break all time highs. Price ratios and indicator values recommend an even stronger momentum however I may not add it as part of this prediction. Crypto markets seem to be continuing their major bullish trend for about another decade or so, Shiba may be one of the best gainers. This chart is shared as an educational idea, pay attention to your investments and good luck!
Long
by crikz
5
Possible HUGE trade AMC looks really good! After my technical analysis, we were able to break out of the triangle successfully, which was followed by a retest. Super trade, with an excellent risk-reward ratio. From this point we can see a wave 5 extension which ends in either a double top or a new all time high. I would go into the trade, put a stop loss and forget about the stock for some time as the analysis took place on the daily chart. This analysis is invalidated if we touch the price of $ 20. For more informations see below. RL from RT_Trading
NYSE:AMCLong
by RT_Trading_
12
This is why I think Gold will head towards 3000+ Dollars Hello traders, Today I want to show you, based on the Elliot Wave Theory, why I think gold will hit new all-time highs in the coming months / years. I use Fibonacci tools to calculate where possible impacts will be. Let me know what you think of my idea. Thank you for your feedback. For more information about me see below. This is not financial advice, it just represents my thoughts on the market. RL from RT_Trading
OANDA:XAUUSDLong
by RT_Trading_
1
Amazing swing opportunity on EURUSD - Target 1.4 PointsHey Trader, I have to pleasure to share you my latest idea on EURUSD. EURUSD finally managed to trigger my buy orders on the 50% daily FIB. From here there is a high chance that we start off with the new bullish overall Cycle that we are seeing on the daily chart. Also, we have printed an ending diagonal for wave C which leads me to the conclusion that we might have found our bottom here. We would need to see some buying pressure and break of structure (BOS) as confirmation for our entries. Nonetheless, I am already stacking my longs from this point and I am happy to double up my positions on every dip I see from this point on. Please, keep in mind. This is no trading advice. I am just sharing my idea about my trade. This idea can be end up in a total loss. For further informations about me please look below. Wish you guys the best! RL from RT_Trading
Long
by RT_Trading_
10
XAUUSD (Gold) is heading towards 1849 due to extended FifthHi trader, today I want to discuss a 1:2 RR trade on current XAUUSD movement and my thoughts about why I choose this trade. Gold's price action is in a clear impulse since we have multiple confirmations for it, just like volume or Fib-Levels that are reacting exactly like they have to react when it comes to an Elliot Wave Impulse. However, Gold managed to cross the 0.618 extension Fib. This is given due to the fact that wave 1 and wave 3 are nearly equal in length. This usually leads to an extended fifth wave, since one wave has always to be extended. We broke above 0.618 and managed to close there. So, whats next? In this case a usual fifth wave target would be the 1.618 extension for wave 5, that is measured from the bottom of wave 1 to the bottom of wave 4. We are confident with this analysis and chose to long on every dip we see until we reached our target. This is not financial advice. RL from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
4