The Elliott Wave correction that I predicted has now completed and we are resuming a trendy move upward. We now just need to see a retest of 1810 on daily candles and this will set up the first leg of an Elliott Wave. It could of course go higher first, and the first leg could be quite long, but at the moment this idea is what I expect. See previous idea here
Hi guys, we're expecting a huge fall on DXY to begin, invalidation points are known for EWA traders so good luck!
Dear traders, Gold has been doing great these past couple of years and although we have been slowing down a bit since august there are probably still great times ahead. Here's my view on the current corrective move: So far we have had some selling since the high of around 2075 dollars that brought us down some 15%. Using the EW theory I say we are in a wave 4...
Hi every one Gold Spot / U.S. Dollar as you can see in XAU/USD chart you can see a falling wedge pattern as well as strong support which is yearly support! so the price is approaching it's yearly support and by seeing the falling wedge pattern we expect the price to rise but only if the price break the falling wedge pattern! you can also see the Elliott wave...
Dear traders, Quite a while back in one of my ideas I've stated that silver could go back all the way to 18 dollars per ounce. Although it looks like price is bottoming out I beg to differ that we actually have seen a real higher low since this year's rally. As you can see I make use of the EW theory and so far I was able to find 2 impulse waves (1 and 3) that...
Eichermot formed bullish wolfe wave at 30 Mins TF. Targets on chart...
As per my previous ideas on gold, we now have a technical entry with a retest and resumption on the 8hr candles. I don't like the chances of going straight up from here, but I've taken a small position anyway. My stop loss is also tight at 1806. If we go up from here it should be fairly strong. A better entry will be either after a wick down to the lower trendline...
Hey guys on my previous idea about gold i thought its forming a triangle and it might drop further but the sequence looks complete on both USD index and Gold. I expect a strong bullish push on gold the following weeks to finish the Intermediate B corrective wave. Cheers!
If BTC can close below the orange trendline on the 8hr candle, we should see further downward price action. If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up. However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged...
The move gold will make is quite clear now assuming it is setting up a bear flag at the moment (which looks like it's breaking down as I type this). The measured move lines up perfectly with the lower support from the wick. If we wick off there and closer back above the upper support, I will be going long.
Hard to tell but it did reclaim previous high from September. Volume has been lackluster compared to last run. IF BTC drops it will drop as well. Breakout from the ascending channel will send it to $8.
Fairly self explanatory this time, read more from previous ideas on gold if not clear. Wait for a good resumption up with hopefully bullish candlesticks, as the bottom of this isn't super clear. It could be a Bull Flag pattern too so that is a possible target for the bottom and also gives us an upside target for a swing trade if it plays out.
BTCUSD predicted will continue the Garley Crab pattern. We will see what happens soon. Keep watching and setup position.