GOLD may completed running flat. (a)(b)(c)(Red). 7/Oct/21Gold price action seem like "contained" inside the parallel channel (Red) AND stalled at supply zone at around 1770 with potential forming a "Head and Shoulder" pattern..
Runningflat
GOLD could reach ≈1780 @ Quasimodo level. 5/10/21GOLD could reach at around 1780 where there are 1) Quasimodo level. 2) Reaction Line (Dashed Red) Resistance to complete either running flat or expanding flat pattern (a)(b)(c)(Red)..Price should be "capped" below 1789.42 "Theoretically" as wave v (Cyan/Light blue) can't be longer than wave iii (Cyan/Light Blue)...
GOLD short @ ≈ 1775 for end of running flat. 2/10/21GOLD Probably forming a running flat pattern (a)(b)(c)(Red) in wave x (Green Circled).. Where price could reach at around 1775 which is the confluence zone of : - 1) Deviation of 233 EMA ( 2 EMA white line) 2) Upper Line of Channel (red) 3)At Resistance of the Re-action Line (Red Dashed) 4)At Supply Zone ( Red Rectangle Zone) .. Stop Lost for the running flat pattern setup is at 1787.05 which is the High of wave (a)(Red)..The First leg up of running flat pattern.
KLCI sentiment turned Bullish Even w/ "Old" Hse Cabinet 30/8/21Hallelujah!! ( Hari -Hari Duit Ah !!) ).... KLCI Index Price have broken wave b (Green Circled) High AND descending Channel confirmed the Running Flat Pattern wave B (Red Circled) completed. Meant KLCI index have turned from bearish to bullish and index price will break all time high in 1-2 years...
GOLD need to be capped below 1835 for resuming downtrend 28/8/21GOLD Price have broken 1810. Next Major Resistance will be 1835. For The validation of running flat pattern ABC (yellow) Price of Gold need to be capped below 1835, Short Gold as previous idea at around 1825, where there are 1)strong Resistance 2) Supply zone and 3)down trend line (red dotted line). Stop Lost at 1835.. Target Profit 1 at 1600
GOLD short at around 1800. Updated 25/8/21GOLD price have broken sub-wave 4 at around 1800 ( Not shown on chart) of wave C (yellow). Most likely confirmed The Running Flat pattern ABC (yellow) completed. Short Gold for the pullback at around 1800 where previous support may become resistance. STOP LOST at 1810, TP1 @ 1600, TP2 @ 1580
Waiting for opportunity to trade with BTC at Key levelH1 time frame.
Structure: Uptrend.
When a divergence signal appears, the price starts to move down.
The key level is at 48000. Wait for the price to down to this support and see how the price will do at the Key level.
With the possibility that the price could form a Running Flat or Expanding Flat here, and there are buy setups and the price will continue to rise to the 50000 or 52000 zones.
If the price breaks the Key level here, the next downside target will probably be the 44000 support area. At this point, we need to wait for the confirmation of the downtrend to be able to trade.
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Wish you all have a good trading day!
ARMADA. The Boom or The Doom of "Oil & Gas"? 19/8/21ARMADA price structure seem completing its corrective move since March 2020 low. Price might revisiting history low in next few months...
GOLD maybe @ wave C(Yellow) of flat pattern. 18/8/21GOLD possible now at wave C (yellow) of running flat pattern . Where wave C (yellow) is shorter than wave B (yellow) . Meant Theoretically.... Price Should be "capped" below 1834 for the validation of the wave structure.. Although we've "seen" a "Long Tail" "Pin Bar" on weekly chart. But Current Price Movement "Ranging " between 1834 -1680 still look "Corrective"....
USDJPY possible still inside Big Triangle. 15/7/21USDJPY price still ranging in monthly chart and possible now trending down for wave (C)(Cyan/Light Blue) of a triangle..
BTC bullish scenariothis would be the BTC bullish scenario. there is another bearish scenario, which I will post later.
for this bullish scenario, BTC would have finished wave 1 up followed by a running flat ABC, while C is composed of a (33333) ending diagonal...
XRPUSD - huge bullish flatI consider a running flat, with the wave C as an ending diagonal. Not a very good news for xrp hodlers, at the moment, as if the assumption works out, then expect test of $0,45. That is the lowest limit for the wave 5 of the diagonal structure.
Given the last move to the downside in this structure, I expect SOON a strong rally.
Good luck!
Cheap Ethereum? Elliott says its possibleBefore you jump on me for being a bear, I am not. I am a chartist and a realist. I am simply bringing you what I see. I am not trading with you, I am charting with you. This is for educational purposes only.
I like Elliott wave, working on that CEWA Level 1. Here is ONE of the possible counts for ETH right now - Theres also a bull argument.
I am thinking we could be witnessing an expanded flat, or a running flat (depending on if/where wave Y will end).
Running flat says we could end anywhere around .618-1.0 of wave W.
Expanded flat says we could end anywhere around 1.0-1.618 of wave W.
Theres a lot of work to do to make this happen, but I will leave you with this; what happened in 2017 during the BTC top? The answer: CME BTC Futures. What just came out today? CME ETH Futures.
Wave 2/Bearish Gartley/AB=CD Harmonic Pattern/TRZ !!!First, I have to say that we passed Running Flat correction , even we passed Main Wave 1 .
Now, we are on Main Wave 2 ( Zig zag corrective & AB=CD Harmonic Pattern ), probably end of micro wave b of Main wave 2.
I can see another Bearish Gartley on wave 2, and maybe this is end of micro wave b of Main wave 2 (You can open SHORT position if you see sign of revers on TRZ&PRZ).
End of wave 2 can be around 56125$ until 51500$ , we need time to know that where is end of Main wave 2 ?!(You can open LONG position on end of Main wave 2 )
Please spend time for chart.( I spent lot :) )
Please follow your strategy , this is just my idea , and I will be glad to see your ideas on this post.
Please do not forget 'like' button :), Thanks and Trade safe.
Good luck.
Micro wave 3 is a complex wave !!!Last posts were great, I was able to predict TRZ and PRZ on BTC/USD chart.
On this analyze, I tried to show you complex waves & next TRZ and PRZ.
Still, we are on corrective wave (Running Flat, micro wave 3 of main wave C), so please do not open Long position for Long term.
Good luck.
Wedge or Running flat?🔥What is the future of this famous cryptocurrency? 🔥
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From the beginning of year till this moment Bitcoin surprised us with his amazing and unpredictable news. 📈📉
There were such a big announcements like a huge investor in Tesla's face or doubling the cost right after the Christmas.
And now we have found a really interesting formation on this coin of hype.
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From the beginning of January the price has started to create this formation and now we are in a discuss what do we see.🔍
Wedge or Running flat?
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We have decided to share this idea with this community to make sure what it seems like after discussion.⏰
The psychology of the masses is really valuable criteria in trading, because if traders mostly see wedge than it should so.
Who is gonna be the winner in this fight?
Bulls or Bears?
Please FEEL FREE to leave your comments about this below🔥
Bullish Gartley/Bullish AB=CD/Running Flat/Micro Wave 3/TRZ&PRZI Tried to find next movement on BTC/USD chart.
We are on microwave 3 of Main wave C on corrective waves (Running Flat) and microwave 3 is a complex wave(we had a wave W, and now we are on wave X).
Late, we had a great long position (Bullish AB=CD & Gartley) (sorry I was not at home because of new year on my country (NOWRUZ)).
Please, watch to my PRZ (Price Reversal Zone) & TRZ (time Reversal Zone) carefully ,then Find Best Trigger for open short position.
Good luck
Running Flat is running now :)We are still on corrective wave(Running Flat, wave C=has five microwave), you can watch end of target of wave C on my chart (BTC/USD) (around 46430$).
I glad to see your ideas on below this post.
Find best triggers on chart and open short position.
Good luck.
Running flat is running on wave C/TRZ/PRZI published my last post by Classical Technical Analysis.
Now, we are on micro wave 2 of Main wave C on Correction position (End of micro wave 2 is too close).
I tried to predict PRZ and TRZ on BTC/USD chart.
Find Best Trigger for open Short position.
Good luck.
Running Flat/Main Wave C/Flag and Head and Shoulder PatternRunning Flat is running now. I have to remind you, we are on Main Wave C on correction Position.
You can watch Flag and Head and Shoulder Pattern on BTC/USD chart.
Please Find Best Trigger and open Short Position (Do not forget put Stop Loss for all Positions).
Good Luck
Corrective Mode: Running Flat or Expanded Flat ??!!Please watch BTC/USD carefully and say your ideas about it , How likely is it (Expanded or Running)?
Waves Counting always can change. and we have to update our charts faster.
Tell me your ideas about my counting and share it for your friends that know about waves :), Thanks.
Good luck.
SP500 might have final up till around mid of May 2021 After SP500 breaking 4000 benchmark , price might retrace for (a)(b)(c)(red colour) for running flat pattern as pic shown above...
REN/USD LongREN here looks primed for a move upward
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
