Like GOLD, SILVER also just had a massive bearish impulse on Weekly. We are going to wait for bullish compression until significant level (50%, breakout, Fib levels) before the next bearish impulse. You can trade the retracement but in my opinion,it's more risky. Patient is the key!
My thoughts are that we could get a really nice bounce from the 0.618 fib retracement, and if this is not the case, we could trend lower to the $7,950 where we find the 0.786 fib region and from the past we know that this is a zone with a lot of activity and may act as a support. Also take into consideration that the 8,000$ mark is a psychological number also. Be...
Hello everyone, i saw ascending wedge on GBPUSD... There is a strong resistance level, so we can set there the TP, then shorting again. Happy trading to all!
My prior idea of AU reversing at the 50% retracement level did not happen. That being said, price is now at the 61.8% retracement level and it appears to still have valid AB=CD pattern. So if you are looking to go Long, as I am, this may be a good place to buy with proper confirmation such as a double bottom. Any thoughts?
Gold came lower recently, but it found interesting support so far at 1440/1450 area from where we may see more gains, especially if we also consider what USDCNH is doing. However, I think 1481 is very important level that has to be broken before bulls may come in play. If you love the video, please press Like and support our work, or leave us a commentary below. Grega
I truly believe that this ABCDE pattern will break to the upside eventually because we hit the 0.618 fib support. Waiting for confirmation after the breakout happens to enter a position to go LONG.
HI BIG PLAYERS, it's a long time ago... thank you for patient. Today I found time to publish again Wolfe Waves ideas. Here you find on Walt Disney share a bullish Wolfe Wave. Currently a Risk-Return-Ratio is on 1:3. Kind regards NXT2017
I believe that the 200 EMA can act as a strong support because we see a lot of rejection from the downside and the bulls might win this battle for now - On MACD indicator we can expect a crossover to the upside in about 8 hours - The RSI is making higher lows and that IMO is a strength sign. This is a possible scenario, wait for confirmation before entering a position.
Hello Traders, I have noticed XAUUSD doing a correction and impulse wave
I've been following this pair and trying to break it down using Elliot Wave. Based on what I see I believe AU is in a retracement and will head higher once it hits the buy zone I have marked in the chart. That being said it could be a higher risk trade since AU is in an overall downtrend on larger timeframes. But this is just my idea and I'm just posting it for my...
What do we see here is the first impulsive wave up with over 40% gain since 25 October 2019 till 26 October 2019 and after that we start correcting with an ABC correction wave which can land at the 0.618 fib support level where we see confluent support levels from the past prices and the 1:1 extension of waves A-B and the 0.618 fib level. Strong support is shown...
Elliott wave technical analysis where we see the 5th wave finished truncated making a double top and ending up retracing near the 0.618 fib level. EURUSD possible bounce around the 0.618 fib retracement level, confluent support level. The 0.618 fib retracement level could mark the A corrective wave from the ABC corrective structure.
Hello Traders, Looks like we have started wave 3 for gold and it went pretty quick to end at wave 4 which should be at 1440, I would long at 1440 until 1480-1490 max! TRADE SAFE
Hello everyone, Tron is entering the strong bullish zone, so we can long for some days...
aud usd wave resist and support
If BTC is truly starting the uptrend after the recent correction, BNB looks like it might have completed the correction, and the following wave 1 of the larger wave (3). Which would mean it is due for a requisite correction (an ABC down likely to .618 fib or lower). After which we can expect a steady climb up towards new all time highs in 2020. This is my...