arifkus

arifkus

GOLD now expected to be in sideways wave 4 Elliott. Areas between white lines are consolidation referred to same area happened in the past few months. If so, GOLD will proceed to wave 5 after wave 4 is completed.

arifkus

USDJPY made 5 wave upward move since January 2012 to June 2015. And it appears the decline until Dec 2020 is corrective pattern. Assuming the corrective pattern is completed in that time, USDJPY possible to proceed 5 wave move rally toward blue area. 121.540 for corresponding 38.2 percent of wave 1 or A 127.353 for corresponding 50 percent of wave 1 or A Down...

arifkus

GOLD has been very bearish these past few days. It is possible that GOLD is going to unfold to a 5 move decline toward blue area (corresponding fibonacci ratio of previous 5 wave move decline from June 1 to June 29 and Structural Support Resistance). --- Never ever trade based on other people's analysis. Treat this analysis as a second opinion to your own...

arifkus

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arifkus

It appears that GOLD is unfolding impulse wave toward blue area. Price breaks 1830 area will support this wave analysis. While downside movement to break 1805 will invalidate this wave analysis.

arifkus

Daily Chart of NZDJPY showed decline from May 27 to Jul 21 As a three wave move. Rally from Jul 21 until today may be first wave of a new impulse wave, or wave D making a ending diagonal for (C) wave. H1 analysis of BBMA Method has formed Extreme Sell, and CSAK Sell. If price of H1 touches MA 5/10 high, short position could be considered.

arifkus

GOLD already made extreme buy (EXT), validated with Loss of Market Volume (MHV). Subsequently, GOLD made Direction Candle (CSA) Momentum candle (MMT), and now GOLD is in the area of re-entry.

arifkus

Gold high on Jul, 15 retraces 5 moves correction waves that could be a triangle. If so, we could expect price to break the last minor swing high, and then continue rally to blue area.

arifkus

EURCAD seems to develop 5 wave move decline, with the first wave started Jul 31. Expected decline shown in blue area, corresponds to Fibonacci related previous wave and structural S/R.

arifkus

If GOLD unable to break yellow area, there is possible an upward zigzag formation occurs. If so, GOLD may have a chance to rally to 1850-1870. 1850 area is corresponded to 61.8 percent of 5 wave decline from Jun 1 to Jun 29, also 78.6 percent of wave (A), and structural resistance.

arifkus

Apparently US100 is forming 5 wave move (ending diagonal) from Low of Mar 23, 2020. We can wait for wave 5 to complete formation. Breaking trendline (white line) would suggest the wave 5 formation is complete and possibly entering large correction wave

arifkus

Gold is expected to enter c wave to complete wave 2 It is possible for gold to enter blue area

arifkus

Gold expected to undergo C wave to complete wave 2.

arifkus

Traced 5 wave move on last NASDAQ100 market activities.

arifkus

Gold failed to break last resistance, possibly indicating entering bear market.

arifkus

From 1 Jun high to 17 Jun low possible 4th wave elliott. Next expected impulse 5th wave

arifkus

Gold traced 5 wave yesterday and today goes sideways. W-X-Y-X-Z pattern expected and possible wave 3 ahead

arifkus

From 1 Jun high to 14 Jun low appears to be W-X-Y-X-Z complex corrections. Wave 5 ahead is predicted