Gold market remains bullish. looking ahead to next week , I expect the sideways movement to continue OB
XAUUSD is still forming a complex double three wxy (blue circled ) wave pattern. Expecting more stop hunting occurred. Control our own risk as for any buy/sell orders as there is no confirmation for any swing low/high yet level.
A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends...
FLAT PATTERN CORRECTION: 1- Wave A minimum retrace 61.8% to previous swing 2- Wave B Minimum retrace 61.8 % to Wave A 3- Wave C can go Beyond wave A 4- Wave formation will be divided in 3,3,5 structured sub wave
CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is...
We may see a flat correction for wave 2 from what I think is it a C wave at a bigger degree before to go for a 3rd wave. Time is too short for an wave 2 from an ABC correction when we compare time form wave 1 vs 2.
In this scenario I think we are still on Wave IV of big Wave. Chances of the pattern are: - Flat - ZigZag - Expanded Flat The invalidation of Flat & Zig Zag is at 18125 The invalidation of Expanded Flat is at 15575 If these 2 major invalidation line is broken then the scenario is invalid.
Looks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.
The downtrend on the daily timeframe is in tact and there was a close below the 38.2% Fibonacci retracement level. This leads me to believe that we will see the continuation of the downtrend to the 50% Fib retracement level. All eyes will be on the Federal Reserve meeting this week as that will be the ultimate deciding factor.
Hi all, Im bullish on 30 min TF. Why ? . Impulse wave 1 to 5 complete. . Flat - Combination of Abc's complete . Abc Combination = WXY complete. . Buying Volume Above 50. . And lastly Rejection at 61.8 FIB RT zone Complete. So because of all the reason's specified that is why im bullish on BTC on 30 min TF.
The running flat has a three-wave structure, labeled A-B-C. Waves A and B consist of three waves. Wave B travels to a new extreme, exceeding the starting point of wave A of the pattern. And here comes the major difference between the two flat corrections. In an expanding flat, wave C travels beyond the starting point of wave B. Within the running type, it does...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Hello, Currently sitting in extreme fear (15 of 100) and daily divergences on macd. Bitcoin is going to hold around 39k to jump many stop losses and accomplish the objective for breaking the big lateral (51,000 - 45,000). A flat pattern is a very strong one. No one expects to reverse the trend on Bitcoin. As no one expected to fall at current levels 3 months...
TESLA price may reach near 900.40 again where there is a "possibility" to form flat pattern in wave 2 (Red Circled) AS Price now may trending up toward wave (B)( Cyan/ light Blue) of the flat pattern..
neowave : formation of a flat that have a terminal c wave confirms short signal. also harmonic pattern : formation of a butterfly pattern confirms the short signal.
INARI. It Seem like Possible double top and forming a flat pattern. Even The Boss has 'disposed" substantial amount of its stocks recently ?
GBPJPY Last updated was @ 8 May 2021 now probably on its way to completed the last leg of Wave 4 (red) Flat Pattern ..
Our Sideways Flat Pattern continued over night and now we have a clearer view of the impending price action.