Potential Bearish Gartley At Key Zone Entry Point: 2110 Stoploss: 2.21117 Profit Target: 1760 * By mistake i have placed wave ii at a wrong point on the chart. Wave ii ends where i have placed the begging of fibs.. Long Term Support Trendline:
Price is in corrective structure close to a D point 0.886 of a bullish bat pattern. Profit target for this one is a long term resistance level.
Bearish bat pattern completion. Point D has formed at a long term resistance level.
Although gold is in a downtrend i believe we have a very nice buy set ahead. After price broke a medium term resistance level in the previous days is in a corrective structure. If it retrace a little more we have a bullish bat pattern completion. Speaking in elliot waves if price hits D point (.886) of the bat pattern and starts climbing we would be at the...
Price broke a short term reristance level (corrective structure) giving us a nice buy setup. Entry Point: 2.44340 Stoploss: 2.42650 Profit Target: 2.48100 * Please like and comment if you agree :)
Bearish Gartley completion. Overall trend is a downtrend. We didn't enter at 0.786 fib level we will enter after a short term support breakout with stoploss above previous high. Entry Point: 85.460 Stoploss: 86.510 Profit Target: 82.140
A typical elliot wave (abc - 2nd wave) pattern has been completed with price reaching 0.618 of the first impulsive wave. Entry Point: 2.19625 Stoploss: 2.21117 Profit Target: 2.14106
After a very sharp impulsive wave to the downside we see price in a corrective wave. In this wave we see two bearish harmonic patterns (butterfly & gartley) with their D points very close to each other. I believe that if price reaches that zone it will start moving to the downside with a target at 1.27 of the big impulsive leg. Entry Point: 93.185 Stoploss:...
Potential bearish butterfly pattern in a corrective wave. Entry Point: 2.6675 Stoploss: 2.08560 Profit Target: 1.9780
Price has broken a long term resistance and after a small rally it makes a correction. In the chart we can see a potential butterfly pattern where its D point is at the 0.618 of the impulsive leg which broke the resistance level. In elliot wave i believe this at D point we have the begining of wave 3. Entry Point: 42 Stoploss: 39.75 Profit Target: 52.30 Good...
Price broke a channel which represented a correction wave after a sharp impulsive down leg. After that price has pulled back at 0.618 of the shorter impulsive that broke the channel. Entry Point: 14.731 Stoploss: 14985 Profit Target: 13.511
Bearish Bat Pattern Completion. We can also see that an abcde corrective pattern where point e meets point d of the bat pattern Entry Point: 10340 Stoploss: 10414 Profit Target: 9844
Bearish Gartley Pattern Completion. As you can see in the chart point D of the pattern tests a short term resistance level (triangle) Entry Point: 1961 Stoploss: 1977.5 Profit Target: 1892.7
Potential Bullish Butterfly Pattern into corrective wave 4. Entry Point: 0.72055 Stoploss: 0.71438 Profit Target: 0.75277
Seems like trend will change direction very soon. Just wait for a breakout of that medium term support trendline in the chart. Reasons: - Price has reached a long term resistance level - We can see a bearish divergence in MACD - Price tests 0.618 level See the long term resistance level and the 0.618 point here:
Wait for a brekout of the trendline which acts as support. After the breakout sell with a stoploss at 0.73340 and profit target at 0.72222.
Price broke a short term resistance level (corrective wave).. That gives us a nice long trade setup. Entry: 1.11190 StopLoss: 1.10060 Profit Target: 1.13120
Entry: 0.65967 StopLoss: 0.64686 Profit Target: 0.68608