It's been a few months since I've done an update on my Crude Oil analysis, as Oil prices have been stagnant & consolidating. But in the past week & a half we've seen a huge push to the upside, with Oil now sitting at a 3 month high! Currently up 700 PIPS (10.40%) in profit from our support zone. Long term I still remain bullish from a technical standpoint. Also,...
Let's start 2025 off with a much awaited Gold analysis! Our Gold sell positions are running in deep profits so far, but still holding with this 'Flat Correction' phase. Expecting some sort of breakout soon, but for now we are still at the beginning of the Wave 3 move. With every move up, take advantage & sell Gold📉
I feel like we have a little further upside left before Gold resumes its mid term downtrend. ⭕️Wave III & IV (Major Wave 3) Complete. ⭕️Wave V Yet Pending. ⭕️Upon Completion of Wave 3, Wave 4 & 5 Need to Complete The Bull Trend.
Gold has started the year of really bullish. But I see this as a liquidity grab, so my next step would be to look for shorting zones. Option 1: Short at $2,680 - $2,686. Option 2: Wait for double top at $2,720 to be taken, before shorting Gold.
I am expecting a ‘complex correction’ of the Elliott Wave Theory, to complete the correction on Gold. So a 5 Sub-Wave pattern (A,B,C,D,E). This correction should push the price down towards $2,240 roughly. We can then look to start buying Gold again at cheaper prices. At the most extreme, if the bigger institutional firms want to really shake people out of buying...
BTC has already smashed our TP1 target & now hovering around the $98,000 zone. It is still possible that price might dump lower towards the $86,000 zone but overall you can DCA (Dollar Cost Average) into buy's now if you're willing to hold. I personally won't be buying at these prices.
Gold has started the week off by dropping lower, which is what we want to see. Flat correction + Wave 2 correction complete, which means Wave 3 sell's are in full effect. Any push higher on Gold, use it to your advantage & open further sell positions📉
Even though Gold has officially broken below the 'Flat Correction' channel, I'm expecting volume to slow down over the next few days due to Christmas & the big players being away from the markets. We'll also see spreads higher then usual due to this low volume, so make sure to be using strict risk management.
Our original sell target of $2,580 got smashed! Here is what I am looking for next; Option 1: Gold takes another dive down towards $2,580 again, followed by $2,560. Option 2:Gld ranges within a tight zone over the Christmas period, due to low volume in the markets.
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
We saw BTC further plummet down this morning, 5.36% in 1 4H candle. All you late buyers getting liquidated, while me, my Crypto Fund investors & everyone in this channel is profiting. Great end to the week🦾
Bitcoin sell TP1 smashed!✅ Less than 24hrs in & our first target has been met on BTC. More downside expected towards our TP2 at $86,000. Hope you all got in & profited from the live call yesterday!
Gold has officially broken below the 'Flat Correction' channel & Wave 3 sell's are in full effect! This sell volatility was induced by the Federal Reserve lowering the Interest Rate down to 4.5% last night. As per usual fundamentals come into effect AFTER and push price towards our technical bias. I've said it before & I'll say it again. Politics & Economic data...
BITCOIN SELL TO $86,000! Looking to short BTC as price action on smaller TF is offering a shift in market structure. ⭕️Wave 3-5 Impulse Move Complete (Major Wave 3). ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction (Major Wave 4). ⭕️Choppy Price Action From Buyers. ⭕️Multiple Wick Rejections Within 1 Range. TP1: $97,250. TP2: $86,000.
Gold buyers are looking very weak towards the bottom part of this 'Flat Correction' channel. We've already seen a melt off of 950 PIPS since we got a Wave 2 rejection at $2,725. This impulse move would count as 'Minor Wave 1' of the 'Major Wave 3' downwards trend. Any consolidation we see will be 'Minor Wave 2' correction. YOU WANT TO ENTER SELL POSITIONS on...
Overall still bullish on USDCAD as my Elliott Wave Theory strategy predicts little upside is left, AFTER a retracement. ⭕️Wave 3 (III) Complete. ⭕️Wave 4 (IV) Correction & Final Wave 5 (V) Bullish Leg Yet Pending. ⭕️DXY Bullish, Meaning USDCAD Is Still Bullish.
What did I tell you all 3 days ago? Wave III has completed, so we should expect a retracement down towards Wave IV. USDCAD has dropped 150 PIPS towards our supply zone, so well done if you caught short term sells! Price is now rejecting our supply zone with bullish momentum, so you can start looking to getting into buys towards major Wave V & major Wave Y.