OM0RO

OM0RO

I am looking a gold for a possible corrective wave, gold has been running hard and it needs a corrective wave to continue running so here is my idea

OM0RO

we are in what it appears to be the D leg for a crab forming, keep in mind we are still inside that symmetrical triangle so it might come back that at that resistance,

OM0RO Updated 

about to have a 1000+ point drop (not all at once tho) hopefully you guys understand that the market moves on waves :) lol any ways check it out, not just yet tho, waiting to see the reaction to the 161-188 fibs

OM0RO

this is pure technical Analisys, no news events so be careful, we are in the middle so is a high-risk trade but as you can see, we been running hard and need a correction wave.

OM0RO

Am I the only one looking at that shark? We are coming off the 188 fib with a PT at the 100% keep in mind the reports coming up and putting your stops in place I’m grabbing any drop that I can

OM0RO

we are on a support area, 88% 161% and AB=CD possibility for run... pure speculations, make sure you have your stops in place

08:17

OM0RO

this is not trading advice so don't take it at hard, use common sense and be careful on your trading. this analysis in based purely on technical, no news or world events are taken in consideration here. interesting are we find ourselves in, we have to options to where this might go in the next few weeks, be careful on your trading and always set your stops.

OM0RO

it seems like we are on the 4th wave to go higher to rech 161-178-188 fibs the reversal point is still to be decided since we are in all time high but so on the daily I'm long whit a possible dump in the next few weeks with a 38% retracement minimum to for first wave on a AB=CB after the 5th wave.

OM0RO

This is base on pure technical analysis, we are on reversal territory fibs and harmonic to play.

OM0RO

Looking for an entrance short, 161-188 is time for a drop, PT B point. If you know you know

OM0RO

if you know you know, EUDUSD on reversal territory. 161 tp 188 PT B point

OM0RO

I’m short, is been running strong but must have a reversal to keep on ping hourly fibs 188 reversal territory

OM0RO

Gold on alert, how many indicators can be wrong? We have 5 Elliot wave, ABCD, daily Trent line and 161 fib... But then again you need to trade with care...

OM0RO

short nasdaq harmonic at the 161

OM0RO

We are about to hit the 161 fib on a AB=CD pattern alert set on the 161, keep an eye on momentum since the hourly still looks strong

OM0RO

im looking on several time frames, i see a 5 elliot wave on the 15 min and the formation of the D leg on the hourly time frame, alert set ath the 161 fib, hourly trent line and tip off D leg.

OM0RO

we are on forming the D leg on a butterfly. might take some time to play out. this is by no means investing advice, trade with caution.

OM0RO

looking for the nasdaq to break the 61% to take it to the 78%