Gold is in a descending channel, a powerful spike in the 5-minute time frame gave a failure alarm, according to correction 4 of wave 3, it is over, and one two, one two has also happened. I am waiting for a sharp rise.
we see a triangle pattern in 1h chart as wave 4 wait to complete and break then enter for sell
During this week, we saw that the price could not break the bottom of the third wave or touch it, after that we saw the formation of a triangle. The scenario that can be considered is that we are still in the fourth wave and three waves to down is wave B. So this week, think about taking a long position, at least the goal of this wave is the top of the wave A...
short for wave 5 it have to 12345 in 4h time frame so manage your position it is last wave down after that we look for buy position
As you can see, the price reacted positively to the bottom line of the channel and respected it, and the third wave ended in contact with this line, considering that the five waves in the daily time frame have not been completed, so this is not the end of the fifth wave. In the 4-hour period, we should wait for the creation of the fourth wave and again the...
i think silver more interesting to buy than gold because its will close to golden ratio for buy and have a wave 3
In the 4-hour time frame, it seems that we are forming the second wave from the first wave in wave 5 At this time, the best thing is to wait for the formation of the second wave
in daily we have excellent analyse it dident reach to target yet our target is about 1675 at least
In the last falling wave, we saw waves overlapping each other, it seems that we are down in wave B, and we should see wave C going up and then enter the third wave.
We are slowly reaching the most powerful part of the fifth wave, i.e. 3 out of 5, and you should know that the target of the wave of the bottom line of the channel is around the price of 1600. This position is a suggested position in the daily time frame and for the best entry, you should pay attention to the lower time frame. You can also see my analysis in lower...
Since the fifth wave of Elliott has not been completed yet Don't expect an upward trend, if this wave is formed around the previous floor or wants to move lower, but what is very important is the price of 1754, it is change of character support in the 4-hour time frame, if the price touch that, so can reach 1744 sharply
all 5th wave complete and we expect long position to 1780 i say in my last signal its depend on 5th wave and wave 5 clearly formed and time to correction all down from 1802
triangles are very tricky we can see this pattern this up trend is a chance for sell and dont long yet we go to long in end of wave 5
short with a little stop loss to complete wave 5 and will be ready for buy
wait to confirm 4th wave to sell for 5 this is not support to change direction just a correction final target is about 1640
As we have seen from the previous analysis, we are in the descending wave 5 and the micro -three wave is finished and we have to wait for the fourth . What reinforces this scenario is observation of the Triangle in Wave 5 of 3
One of the characteristics of the 4th wave is that the majority think that the trend is up and they buy without knowing that it is only a correction.