Wave 4 couldn't break 0.5 Fibonacci retracement which was also the trend line down which is also just below the SMMA 25 close - these are all signals that the completive 5th wave down is soon to come, we are likely to see a test of the 0.618 fib which managed to hold 3 wave but many not be so supportive now. If we see 0.618 hold the ABC corrective may start...
Simple fractal moves down. Each Fibonacci reracement level since 2.06k we have seen a significant bounce to test bear movement down and continue retracement (12345) I expect to see a similar move now we are sat at the 0.618 retracement level. Check comments for updates, daily seeing a possible swing low forming right on the 0.618 line which could confirm move...
Check charts for notes Just a salmon Chart patterns Do not take this for gospel
big bear or bull moment coming up... pink band is major reject zone, but we have some support here (see blue circle) this is a great chance for bulls to push back comfortably into 1900s + ATH zone ... rejection here seeks 1820 to test its hold
Elliot wave ABCDE Corrective Symmetrical triangle formation completed. looking for 10 cent test at previous high. Watching which channel it finds comfort in, looking for 10cent either way from here, but cannot be certain on duration until we see a channel decision. Just a salmon, no real fortune teller.
Support is great, Fibonacci retracement was textbook, down channel has been broken and older bull channel has taken over again. Love to see silver do well, and at only half ATH it's got a great way to climb! 30 will be hit soon imo. While Gold has been pushing new highs over 2020 silver has been following quietly in the background, ATH challenged hopefully over...
The chart speaks for itself. 1930 next resistance key. Check previous analysis charts for a plan B. Trade with caution!
Break above upper orange band was massive bull signal. now testing pink upper is most obvious destination. watching for 1900 psychological test. Plan A blue arrow. Rejection Plan B dotted low hunt. Pink upper band would be bull test to create a higher high on 4H timeframe, rejection here is possible (see November 9th) however the resistance is not as heavy as it...
Serious bear strength since August. Drive up at 9th November got seriously rejected from the previous bull channel and found the lows of the bear channel created. We have found ourselves bouncing comfortably between top and low range of bear channels however the 1764 bottom has proven a great rebound for a bull attempt. Bulls pushed past the 50% marker on the...
1764 touchdown was textbook bounce level - check previous charts for zoomed out level analysis. Looking for an even and steady climb from there, reload at 1773 if it retraces, white line indicated supports pink line is bull support/resistence trend, above that another signal to continue the rocket. pink-blue dotted line is mini take profit, target 1807 1764,...
Just an idea, elastic rebound.
Possible ABCDE corrective closed triangle pattern on 15m Gold chart. News may decide the outcome. Break and hold below bottom of triangle can test minor support zones as marked below white dotted lines. Read between the lines. Risky management is key. Follow for more!
Following gold pump today we see gold testing into an old bull channel starting from November. Possible rejection short term to test support low is very possible, but risky to trade. Refer to dotted lines a minor and major support and resistance zones. Bias bull long term but will hunt for short term rejections accordingly. Reading between the lines. Play with...
Crude oil has been taking a beating the last few weeks. Lockdown crawling over Europe as Covid cases are increasing. Demand for Oil dropping. London into lockdown starting next week, low demand for oil still, lower prices expected. We are noting a steady decline in oil, still hunting for the previous low target of 32.8 could be rocky with elections just round...
been holding out for the 43 hammer for a while. Daily close looking for bottom of triangle at 38.7 Longer time frame lower lows at green and pink line. Oil has the potential to reach back to $60 but not yet. maybe 2021, top prices at 2022 before final plummet
symmetrical triangle falling market Elliot wave caught from E to close. looking for 1823 bounce. hunting for a new long. There is wiggle room for more low but bias continues strong for a retest - looking to see how it reacts coming back up to 1960 levels. Short term short, long term long. Range from July 2018