Gold has been moving up very sharply but overall still trading within our Wave B zone. Still bearish on price action overall. If price trades back above $2,700 then it'll range around $2,720 - $2,735. This huge move up is something called 'short squeeze' in trading. It's designed to make traders start panicking at buy the market at the top, at which point the big...
Here is what I am looking for next; Gold prices dip lower $2,600 zone as prices are overbought. The VRVP also shows there is little volume left from buyers so the least we should see is a retracement down now.
As you saw on yesterday's update we've been expecting a slowdown in bullish momentum around current market price & that is exactly what's happening so far. Despite any short term pushes up, expecting price to drop back down again. Still waiting to see some form of flat correction to take place within minor Wave 1 schematics of major Wave B. Time to be patient &...
For those of you who watched yesterday‘s video update, well done as you know we were expecting further upside towards Wave B, which is close complete now, so you could have caught some short term buy’s🫡 Also, as I said on yesterday‘s video, we’re now expecting some form of flat correction to take place within minor Wave 1 schematics of major Wave B. Let’s see how...
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.
Here is what I am looking for next; Option 1: Gold prices dip lower $2,607 before prices start to consolidate in a range. Option 2: Gold keeps dropping and we see it start the trend of creating a new low towards $2,500.
For those of you who watched yesterday‘s video update, well done as you know we were expecting further upside towards Wave B, which is close complete now, so you could have caught some short term buy’s🫡 Also, as I said on yesterday‘s video, we’re now expecting some form of flat correction to take place within minor Wave 1 schematics of major Wave B. Let’s see how...
Here is what I am looking for next; Option 1: Gold prices dip lower $2,575 as a small retracement before prices shoot back up into the $2,600 again. Option 2: Gold keeps shooting up from current market price towards $2,600.
Gold markets are oversold so sooner or later we will see some form of short term recovery. Here is what I am looking for next; Option 1: Gold prices dip lower keep lower towards the next target of $2,534 before prices recover. Option 2: Gold keeps dropping towards $2,520 where price action will create some form of inverse H&S pattern.
£3,900+ in profit on our Bitcoin sell position. Price missed our SL by 2 PIPS & came back down heavy, so I entered another sell position while on the move😂
Gold is really oversold right now. I am looking for buyers to push the market back up towards the $2,600 price zone. If you look carefully you'll see it looks like some form of inverse H&S is also forming.
Very nice rejection on BTC from our grey, shorting zone. Currently running 140 PIPS in profit within the Crypto Fund for my investors. Multiple rejections from the resistance, followed by a bearish engulfing candle.
Looking to short BTC as price action is offering a shift in market structure. Targeting below current Wave 4 for a healthy retracement. ⭕️Wave 3-5 Impulse Move Complete. ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction. ⭕️Overbought Market Conditions.
Looking to short BTC as price action is offering a shift in market structure. Targeting below current Wave 4 for a healthy retracement. ⭕️Wave 3-5 Impulse Move Complete. ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction. ⭕️Overbought Market Conditions.
5 bullish wave move complete. Waiting for a reversal now on Gold.
Even though Wave 5 is overextending more than I thought, market structure is still valid for short positions. Wave 5 can push up as high as $2,800 in the mid term so don't be surprised by any further upside. U.S. Elections in a few days, so let's see how price action shapes up prior to the main event!
Important video update. Like I mentioned on the last update video, it's possible that Gold could push up higher towards a new ATH & that is exactly what is playing out. We've seen Wave 4 play out in a complex correction form, rather then a flat correction form. Difference between 'flat & complex corrections' covered on my Gold Vault Academy E-Book.
Gold has been absolutely dropping since yesterday, which works in our favour! But? Watch the video to see what could possibly happen next👀