Hello traders, This is my analysis on SOLUSD which I think is looking like a correction wave (ABC), kind of like the other altcoins I have strong objective at the price of 125-127 dollars It is due to the 123%-127% of Fibonnaci Extention. (confirming the end of a C) and it will also hit the 23% of retracement of the full ABC correction of our last downtrend
Hello traders, Following my Elliott Waves analysis, we can tell that we are in the Wave B of the C for the first down trend correction of the US100. In my opinion for the last long: - We are going to reach for the first objective 14482-14572 before dropping (which is the 123%-127% of extension) of the green ABC of the Orange B. - The second objective, is at...
There we go, I was wrong with the 123%,127% for the final high of the gold, it only played in this zone. Gold went to actually reach the 161,8% objective for the C of the B. Within the C, we can tell an ABC pattern, where the C almost reached the 161% too. The RSI in now overvalued. Let's see how far XAUUSD will drop
Hello traders, Thanks to the Elliott Waves analysis, I have discovered a BIG correction phase dating from the beginning of September 2011, and that we might be experiencing one of the last highs of the XAUUSD. Even though I know we are in the situation of a war and that gold is taking a lot of value, i would say that it can be overvalued and therefore we could...
Hey traders This is another plan for the bear market we are currently in. With the next objective would be 1550, and could go even lower than that. (1300)
Hi traders. I am still positive about the bear market happening, and that we are going lower than our last dip in the incoming month. We are going to reach the 1500...at least.