TRADINGACPVIP

TRADINGACPVIP

Are we looking to go to the first support area at 1.086? It seems we had a doble top formation in a rising wedge that had a fake break. We are at 90% Retracements of what I think is wave 2, so idea is still valid .

TRADINGACPVIP

On Lower timeframes , I think we might me doing waves abc of 4 still. Wave C is at the support area, and then we can make a new high.

TRADINGACPVIP

On Weekly timeframe, I think Gold might be doing the last ABC of the leading diagonal, If you go back to wave 3, it was an ABC as well. This only can happen in diagonals. I also think we might have a truncated wave 5th, why? wave 3 was incredibly strong , and in this cases, this might happen.

TRADINGACPVIP

On higher timeframe ( weekly) it seems we are making a complex correction as well, Wave Y are usually a triangle or flat ( in case wave w was a zig zag as in this case) Most probably, it could be a flat, so we can arrive 61.8% area as wave 2 . Also, ADX indicator is about to begin what it seems a new strong trend.

TRADINGACPVIP

I think Eurusd is being part a complex correction WXY since September 2022. First , we made an intense zig zag ending at July 2023t , then , we made and ABC correction ( wave x ) ending October 2023t, and now it seems we appear to be doing a FLAT Abc as wave Y. If the wave C is already completed as it seems, the crash will be huge.

TRADINGACPVIP

Expanding diagonals, they are not often specially in daily, hourly timeframes, but what about higher ones? As Peter Goodburn said: "Returning to the expanding-diagonal, the question remains, does it exist, can it have a place within the Elliott Wave Principle? To my own satisfaction, I have proved that it does, and that it is more commonly found unfolding that...

TRADINGACPVIP

I think the price is making a descending triangle pattern at the moment, or a flat top ¨abdce¨ triangle regarding Elliot waves. Which direction will it go? Will the buyers be able to break that level or will the resistance be too strong? This pattern usually break to the upside, but if we see the bigger picture, we are still in a doble three pattern and not yet...