HunterCoder

HunterCoder

- Price moved in 5 waves to the downside - this will probably result in lower prices in near terms. - I'm expecting horizontal movement to finish wave B and then another impulsive, 5 wave move to the downside.

HunterCoder

- I'm still favoring bull case - Wave 2 turned out to be more complex; still waiting for wave 3

HunterCoder

- The scenario with up move is still valid and my base case. - Bullish scenario invalidation at 2305

HunterCoder

- This is the main case right now. - Bullish scenario invalidation is at 2305. - We can go to all time high from here or stall at around 2395 to truncated wave 5.

HunterCoder

This is the main case currently. Wave C has finished with truncated wave 5. Currently at the final stage of wave 1 of 5. Bullish bias but no clear trade entry yet. Any longs has to have SL: 2305

HunterCoder

This scenario assumes that wave C primary degree not yet finished and we're just starting wave 5 of C. This is my main scenario and I'm holding shorts with SL: 2348 and TP: 2280.

HunterCoder

This scenario assumes wave C primary degree have finished and we're going higher for wave 5 primary degree.

HunterCoder

- I see a complex correction on gold ended with expanding triangle ABCDE - Now we're open for a down move for wave 5 of C - Roundabout target is 2280 which is a measured move of a triangle and a target for daily timeframe trapped bears that were selling below bear bar.

HunterCoder

I'm expecting price to go finish ABC correction of wave 4 of C and then to fall to complete wave C of primary degree 4

HunterCoder

Bullish case: - Wave 4 primary degree is finished. - Wave 2 of 5th wave is finished. - I'm expecting upside with wave 3 of 5.

HunterCoder

What looked like a nice dawnward trend turned out to be a hidden accumulation

HunterCoder

Trends rarely reverse instantly. It took 3 days to print this reversing pattern. It is always good to have a real world example of Wyckoff accumulation at hand. Including the volume! In this case the main stopping power occurred in the Preliminary Support. PS - Preliminary Support SC - Selling Climax AR - Automatic Rally ST - Secondary Test SOS - Sign of...