Gravity33

Gravity33

A five-wave recovery on corn (March 2022) from 585'2 level suggests more upside on a larger scale, however after a three-wave correction a-b-c as bigger wave 2. Sub-wave v of 1 can be completed at the 619 high, in that case we will see a drop below the lower parallel channel line, which will be an indication that wave 1 is finished, and a three-wave corection as...

Gravity33

S&P is making a five-wave drop from the 4819 high; we see current sharp drop as wave (3), with possible support around the 4350/4360 lvl., from where a new wave (4) correction can start unfolding, and look for resistance at the middle parellel channel line. Alternate scenario: Wave (3) is very sharp, which means price could extend wave (3) and deeper levels can...

Gravity33

GOLD is in a possible five-wave move, up from November of 2015. Ideally wave III found a top at 2075 lvl., which means current consolidation can be a wave IV triangle. An impulsive break above the 1917 lvl. could suggest a completed correction in IV, and a five-wave lesser degree move for a wave V, aiming towards 2200. Alternate count suggest a three-wave...

Gravity33

NZDUSD is in a similar situation as AUDUSD, a five-wave recovery from March of 2020, followed by a three-wave correction A-B-C, with possible support at 0.651 level. Fib. ratio of 0.50 and the lower parallel channel line can offer support, too. An impulsive rise above the upper parallel channel line, and above the 0.722 lvl. could suggest more upside.

Gravity33

Hi, AUDUSD made a sharp, five-wave rally from March of 2020, which can suggest a bigger, bullish picture. After a five-wave move, a three-wave correction follows (in this case a double zig-zag: w-x-y). Possible support is at 0.699, where wave 4 sits. Fibonacci ratios of 0.50 and the lower parallel channel line can offer support, too. A new impulsive rally...