End of GOLD correction#GOLD #XAUUSD
UPDATE
As I mentioned earlier, gold was forming a contracting triangle.
The wave-(e) of the triangle has formed a double pattern diametric-X-triangle and has moved beyond my expectations (the post-pattern movement has passed ), breaking the trendline of (a)-(c). However, since it did not exceed the end of wave-(c), the contracting triangle has not been invalidated.
We expect gold to gradually rise from this range and surpass $3,500.
Good luck
NEoWave Chart
Neowaveforecast
Saham PTBA: Tunggu Sinyal lenkap dgn 5 Peluru📊 Stock Analysis of PTBA Bukit Asam Tbk. using Profitmore Trade™'s 5 Bullets Strategy:
🔹 1. Zero Line
🔹 2. AO Divergence
🔹 3. SQUAT
🔹 4. Fractal
🔹 5. Momentum
🔍 Market Segmentation Analysis:
📅 Monthly: Even segment
📅 Weekly: 8 even segments (Monthly timeframe)
📅 Daily: Corrective even segment (2 waves) after a bearish odd segment
⚠️ Not Yet Time to Enter! The 5 Bullets signals are not yet complete. Wait ~2 weeks for confirmation of optimal entry conditions.
📌 Odd & Even Segment Theory: Even segments typically last as long as or longer than odd segments. Monitor the market closely!
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Will the Euro weaken against the US Dollar?EURUSD has started a price and time correction since July 28, 2008 in the form of a diametric pattern.
Wave-(f) currently appears to be forming. We see two price ranges for the end of wave-(f) in terms of price:
a - range 1.15758-1.17173
b - range 1.21357-1.23505
After the completion of wave-(f) we expect wave-(g) to continue to the specified range.
Good luck
NEoWave Chart
Has the Alt Season Started?Cash Data 1W
By analyzing the weekly Cash Data chart of TOTAL3, we observe that after a rapid and significant rise, a correction in TOTAL3 has begun, which appears to be forming a Neutral Triangle pattern.
Wave Analysis:
Wave-(c) is a double pattern with a small X-wave, making it the most complex wave. However, there is a possibility that wave-(d) could become more complex than wave-(c). We are currently in wave-(d). Given that wave-(b) has surpassed the start of wave-(a) and wave-(c) has been fully retraced by wave-(d), there is a likelihood that a Running Neutral Triangle is forming. For confirmation, wave-(d) must exceed the starting point of wave-(c).
Conclusion:
Based on the analysis, wave-(d) could rise to the range of 1.14–1.38 trillion USD. Subsequently, wave-(e) will begin and may conclude within the retracement zones identified on the chart. To accurately determine the target for wave-(e), we need wave-(d) to complete, allowing us to predict the end of the Running Neutral Triangle with greater precision.
After the completion of the Running Neutral Triangle, we expect a significant rally in altcoins.
Good luck
NEoWave Chart
GOLD correction continues to $3,150The recent corrective wave that started at $3500 is turning into a larger corrective pattern. We are currently in wave-(c) of this correction which is completing a diametric.
This diametric pattern could end in the $3200 or $3150 price range.
Good luck
NEoWave Chart
Will NIFTY50 fall?Regarding NIFTY 50 Index
my expectation was that after a small growth, the g-wave from the diametric will be completed, then the price correction will start and the reason for it can be anything, definitely if the correction starts, the reason will be the war between India and Pakistan.
Normal:
The correction can continue up to the range of 23209-23456 and after spending the required time, start moving up. If this range is broken, the correction can end in the range of 22300-22700.
Pessimistic:
If the end of the wave-(D) is broken strongly, the upward movement that was formed from 21740 to 24593 will be considered as an X-wave and the wave-(D) will turn into a double pattern. Although the upward movement that formed from 21740 to 24593 does not have all the conditions of the X-wave, but when the market is not normal, we need to be a little flexible in our analysis.
What will be the second pattern of the double combination?
Usually, after the diametrics, the second pattern tends to be a neutral triangle or a contracting triangle or a reverse contracting triangle. But I will not comment on it now and wait for a few waves of the second pattern to form, then we can predict the pattern with more probability.
Good luck
NEoWave Chart
A larger corrective pattern is formingIn the previous analysis, a specific range was determined for the price to reverse, after reaching that price range, the price jumped upwards and the price grew by 1700 pips. However, considering that the structure of wave-c is not an impulse, the zigzag was not confirmed and it seems that a larger corrective pattern is forming.
It seems that the reverse contracting triangle pattern is forming, which is currently in wave-d of the triangle. With the completion of wave-d, we can better find the end point of wave-e.