Nice falling wedge I have buy limit @1755./ tp 1790
Gold had Diognal Elliott wave pattern: wave 2 did't move past start of wave 1; wave 3 wen't beyond end of the wave 1; wave 4 did't move beyond the end of wave 2; wave 4 ended in terriory of wave 1. Now we had a nice wave 5 which bounced up from bottom diognal, so I entered long wtih TP around black line.
Long time no see. We have nice falling wedge on 1D, also price have bounced back from Fib Extension level 50 and price been dancing around that trendline for a while. If price breaks uper trendline we can expect 1st TP around 104,4 and 2nd around Fib level 1,27. Good luck! Pluss we have another falling wedge on 4h TF.
Rising wedge, good entry point @1.376. From that level I prefer SOER mode.
There are 2 scenarios for EURUSD. There is big rising un 1d TF, where price is at bottom of it, if price break I have highlighted 2 TPs for which I'm waiting. But price in this wedge is moving in Elliot waves we have already 1st, 2nd, 3rd and 4th wave, so if price bounces up from this bottom line there will be a 5th wave with TP atleast top of the 3rd wave....
Hello! Yesterday when I posted my analysis for Gold H&S I didn't saw that price have already touched bottom of this wedge, which made entering sell pretty risky. So plan for Gold now is that price can go up to 1775-1780 level to test top of this wedge, then we will see if this wedge is valid, if price bounce down from 1st TP is bottom of this wedge. After that...
on 4h we have nice falling wedge where price now is at bottom. but there's but. on 1d TF price have broken bottom of the bigger wedge. So there is two scenarios: 1st. price breaks 4h wdge bottom and falls per 1D tf wedge. 2nd. price bounce back up from 4h bottom to test 1D wedge top. Good luck and trade safe! p.s. I entered small buy.
Possible h&s, price can touch the black line, but can't go past it.