Wave Projection on Gold 4hUnder the 5th swing of the dollar strength, expect gold to continue drifting down.
Double top of the Gold weekly makes me believe this key range bottom 1683 level will be retested.
This is a Elliot Wave projection on gold using Extended Fibs. One of the key monitoring is whether the strong 1683 weekly level be broke or hold when approached.
Structure
ELITE 1337 DAY MEGA STRUCTURE—————————
ME: I would ask you to sit down, but you’re not going to anyway.
ME: And don’t worry about the stock market.
YOU: What stock market?
BOOM.
ME: That stock market.
YOU: How did you Know.
ME: Ohh, Whats really going to bake your noodle later on is… would you still have broken it if I hadn’t said anything….
————————————
If you read any of my old posts from last year you might be familiar with one of these H&S patterns I posted trying to predict the top of the markets.
The bullish harmonic zone referred to in there is the .618 fib retracement.
To find this mega structure, you only need to look at the weekly chart and add some Fib retracements for for the March 2020 crash.
From peak to trough, then again from trough to new peak and you have your bullish retracement.
Another Fib tool I use for this mega structure is Fib Timezone which is a Fibonacci number sequence.
Each number is the sum of the last two numbers. The sequence starts like this: 0, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, and so on
If you map from 0-1 in reverse from the peak (January 4th) to 12 weeks back you will find there is a major swing high/low/reversal in order leading back all the way 2000 decline.
5 - swing/high low after covid recovery
8 - marks 2020
13- marks 2018 bear market
21 and 34 are not very relevant
55 marks 2008 decline
89 marks 2000 decline
Now the real PHUN begins. Flip the timezone 12 weeks into the future to get forward looking swings that match the historic ones.
The lower fib sequence is to be ignored because there is to much noise.
But I like to study noise patterns and here is what I see in the noise.
HS1 - First Head and Shoulder
On the weekly its hard to see, but I have used these structures for the last year and they keep completing.
HS2 - Second Head and Shoulder
Take a look at the pin point accuracy this H&S 162% predicted the bottom June 13th in markets.
HS3 - Third H&S with a price target that is a magnet for a 50% retracement from trough to peak.
This structure hasn’t completed yet, but in my opinion will mark the second leg down.
HS5 - The 5th sequence is after September and will likely mark a big rally in November. This structure 168% is the bottom of Covid Cycle.
HS8 puts us to Nov 2023 with the left shoulder being the Covid Crash.
From shoulder to shoulder of HS8 will be approx. 1337 (LEET speak translates to ELITE) market days
I’ll stop there because we couldn’t possible complete HS8 and look to completing 13…
Because that would be the D word… Depression.
If we are at the end of a debt cycle like Ray Dalio predicts in the changing world order…
Whatever, this is just a bunch of tinfoil hat nonsense… right?????
Right????
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But always remember, You’re in control of your own life.
Here. Have a Cookie.
I promise once you see this cookie, you’ll feel as right as rain.
🧭ETHUSD quick video analysis. Why it's still bearish?ETHUSD seems to keep bearish structure and in this video I try to explain why I think so.
Here's a disclaimer: this idea is for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
NZDCAD NEXT POSSIBLE MOVE🚀Hey everyone. As we all can see the clean descending channel followed by a reversal pattern which might possibly make the next bullish implusive move to the up side🚀. I am Waiting 💆🏾♂️ for a double bottom or a lower time frame reversal pattern to take some possible entries💯.
Thanks for reading
GOOD LUCK AND AS ALWAYS, TRADE SAFE AND STAY SAFE!🤝🏾
PEACE 🔥
🔍EURUSD DETAILED video analysis. Structure, Supply (re-upload)Hi everyone, this is a re-upload of the previous video, I'll explain why in the video. Thank you very much for the many comments and support from the previous video, but now it is all lost :)
Here's a disclaimer: this idea is for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
EURCAD Detailed Trading Plan! Let's GO!Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
DOLLAR CURRENCY INDEXThe DXY (Dollar currency index recently reached its recent major supply zone (resistance).
Currently ranging within the zone, many traders have had much anticipation for its drop in previous minor zones.
This may be the right time for that pull back.
If the pullback does come, the weakness in the dollar will see USDXXX pairs tank and XXXUSD pairs push up.
Fingers crossed for GBPUSD
CADJPY Swing Upwards +100 PipsWelcome back! Let me know your thoughts in the comments!
**CADJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Brian & Kenya Horton, BK Forex Academy
BBBY: Trading the Meme This stock is all over the news these days.
Many pro traders in the biggest banks are shorting this stock; WSB is longing.
Looking at the monthly structure, it is looking better for bulls in my books. Though some of the juice has already been squeezed, it still has room for further upside for long exposure. For those not in it by now, it will be increasingly more challenging to have a good risk profile from here. At least a 20 dollar per share downside risk if one is to be exposed to short risk at the current market price.
Following this stock as it has some wild moves and will update if anything interesting is happening.
Cheers!
TATAMOTORS breakout 14% MOVE UPSIDETATAMOTORS has given a breakout and retesting nice entry opportunity to enter
REASON TO ENTER
1. Breakout
2. High volume
3. Retesting
I HAVE EXPLAINED EVERYTHING ON THE CHART FOR MY VIEWERS SO THEY CAN EASILY GRAB THE OPPORTUNITY
AND SHARE IT WITH YOUR FRIENDS SO THEY CAN ALSO TAKE BENEFIT OF IT