As i was trying to finish my last thought. I remain with a short term bullish bias if 1817 can be held without breaking into 1813, willing to hold longs to 1835 ,
With a break to the downside instead, I will wait for price to retrace back into the FVG Level to identify how strong is level by the candle that is being formed. Also whether if price fails to hold...
US30 Is cleaning up a impulsive move to the downside, leaving a imbalanced needing to be clean. As of now, US30 has retraced 50% ofthe imbalance and created a 3 bar candle play, First sign of Rejection.
With rejection coming in, Price continues to decrease in the LL HL Trend we receive, No break of structure, which determines rejections instead of a pullback/continuation to the upside. Until break of highs of the week.
A short analysis video created with the idea that we must see gold price take out other order on the 5 min chart when trend change occurs. I will be continuing gold trading on 5m 15m 30m 4hr charts.
As provided in the Image about, price seems to continue moving within corrective and impulse moves, allowing better trading opportunities for swing trading. After 5th wave is complete, I will determine an entry going long. Invalidation will be determined if price creates a higher high and higher low structure from this point on.
The idea is surrounded by the expansion faze in the market as we seen, as my expectation revolves around the elliot wave and Fibo level, the structure of price can continue increasing as more investors and million dollars companies start to accept bitcoin as a option to pay. As well as the expectations that these companies will also buy bitcoin that these...
