Currently completing wave 5 of the A leg of the ensuing correction I am in Active Buy positions until price reaches Blue Zone. Good luck
Several failed attempts at pushing through weekly resistance give good sign price will fall to 50% retracement level (42950)
Bearish momentum 61.8% Fib Level aligned with weekly support Take Profit at any Red Level
Bullish momentum and a 38% retracement of Bitcoin provides a great buy opportunity to the 45122 zone over the weekend
Updated Previous idea - No longer identifying a double bottom but seeing an irregular correction - Expecting a Double retracement to 261.8% Fibonacci Extension level - Double retracement follows an Extended Wave 5 - Adjusted Entry point for wave C Entry Use Proper Risk Management
Identified a number of PRZ of interest Overlapping Fibonacci Retracement and Extension levels - Double Bottom at 106.8900 level - Potential Flat correction at B Leg of ABC correction - Signs of strong rejection at completion (100%) of AB=CD pattern of double bottom - Looking to enter long at 50% retracement of AB=CD pattern - Projected Target is 138.2% extension...
Gold presented a double bottom during a corrective wave after strong movement to the upside. I want to see price action push up a bit more before we catch a retracement to the Right Shoulder of a H&S formation. There we will ride the next impulse wave. Like, Comment, Share.... and Follow
Price has broken Monthly Support Look for Double Top from last High Entry between 85.4% - 100% Fib Level S/L: 69.680 T/P: 67.070