Quarterly
Q4 UPDATE - XAUUSD Elliott Wave ForecastEvening all,
A quick update on Gold and the fourth wave is still in progress. As mentioned in the linked idea, I'm expecting the corrective sequence to continue into December and print a new quarterly low with the Horizontal support level at 1800-1765 providing some confluence.
I will be looking to take swing positions once this low is in as we are likely to get a sideways correctional C wave to a lesser degree before an impulse into the fifth.
Will provide further counts and price levels once we're into the final wave of this leg. You're most welcome to follow for further updates.
Happy trading,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
Short Term Short, Long Term Long? Haha!- Please see link to my previous idea for XAGUSD -
I'm looking at the prospect of silver ranging in the 19.000 - 20.000 level towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line.
Quick impulses upwards would indicate a bullish breakout and a move back up to test the 2020 high.
Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated.
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust your own analysis.
Beyond Edge
PKOH - Turning the CornerOutside-inside-inside-up on the quarterly is a place I want to be.
Take me to the paradise city.
Protecting off the weekly.
$EURUSD [Quarterly/3M] Hmmm, idk! A Surprise? Maybe!FX:EURUSD
Double bottom? A major wedge is broken? a decline from off Q3 close?
This doesn't look like a bearish price action, unlike the major consensus nowadays of anticipating a falling knife on EURUSD, i see something different here, yet, not confirmed. However, a move to 1.20 again is possible.
#EURUSD #EU
#BIGPICTURE
#KEEPITSIMPLE
#AHMEDMESBAH
$BTCUSDT #BTCUSDT #Bitcoin/Tether is Accumulating... BITTREX:BTCUSDT
* BITCOIN/TETHER Seem to be accumulating longs by sliding back to the breakout range
* A cup and handle pattern spotted on weekly reinforcing the upside potential over next few weeks.
* A pullback to the main wedge around 9700 : 9600 is ideal to accumulate a perfect bullish impulse.
$GOOG [Alphabet Inc.] [W1] #GOOGLENASDAQ:GOOG
$GOOG Looks quite interesting atm. A life saver wedge seems to be lifting price around 1430. #Google has been respecting a well defined channel that been violated 2 times only because of the virus impact and the euphoria that followed through. Can make it to 1620.
#AHMEDMESBAH
$DXY #DXY [D1] Odds are more to the downside...Unlike many views about an upcoming TVC:DXY next few days, the odds to the downside to test previous quarter lows Q3 2020 are way more. Weighing on testing recent highs on indices and some major stocks. Scenario in details is illustrated on the chart.
#KeepItSimple
#AHMEDMESBAH
