ElliotWaveUnite

ElliotWaveUnite

Wave 3 Completion: The chart suggests that Gold has completed its Wave 3, marked by a strong bullish impulse. Wave 4 Correction Expected: A corrective decline (Wave 4) is projected, targeting the 2,200 - 2,300 USD support zone. This aligns with typical Elliott Wave structures, where Wave 4 retraces a portion of Wave 3 before resuming the trend. Potential for Wave...

ElliotWaveUnite

This chart follows Elliott Wave Theory, showing a completed 5-wave impulse followed by an ongoing ABC correction. 📌 Key Analysis: The 1-5 impulse wave is complete. We are now in an A-B-C correction, with wave C pushing higher. Potential reversal zone (PRZ): Between 50% - 78.6% Fibonacci retracement. Wave C target: 1.14 - 1.12, aligning with 61.8% - 78.6%...

ElliotWaveUnite

1. Market Structure Overview Motive & Corrective Waves: Wave (A) represents an impulsive 5-wave decline. Wave (B) is a corrective A-B-C structure, forming an expanding triangle. Wave (C) appears as an ending diagonal, terminating near the 61.8%-78.6% Fibonacci retracement level, signaling potential reversal Triangle in Wave (B) (1992-2007) suggests a prolonged...

ElliotWaveUnite

GBP/USD: Simple Trading Tips for Beginner Traders on February 24. Forex Trade Analysis Analysis of Trades and Trading Tips for the British Pound The test of the 1.2655 price level occurred when the MACD indicator was just starting to rise from the zero mark, confirming a strong entry point for buying the pound. However, as shown on the chart, the pair did not...