AMAZON will head for 585 once the ending diagnal is finished
The price has broken many structures,but we can see a PRZ just arround 0.77841-0.7807,which are some critical price levels in Gatterly Pattern AB=CD ab=cd 1.27AB
Although GBPUSD falls down quickly,but we can see that the PRZ of Gatterly Pattern converge very well 0.786XA AB=CD 1.27AB all suggest tha 1.29368-1.29442 will be a nice place to long GBPUSD Let's wait for the price behavio
1.0.786XA=1.03347 2.AB=CD 1.04 3.Former structure arrond this area 4.A sharp reversal with a nice consolidation ended with a PIN bar
what do you think about this area between 18.5-19.6? I have just close most of my trade.It is obvious to see that this area is critical . Without question ,a great consolidation is coming,I will find a good position to long until the consolidation is complete. On the other hand ,it is a good idea to short at 19.35,since it is 1.618 retracement on the daily chart
The Gatterly on Daily chart shows that we can long copper between 2-2.19
This time the 1.618 BC and 1.13 XA converge very These two price level all suggest the 2122 would be a nice place to short The MACD will also be in obvious divergence
1.AB=CD on daily chart 2.1.618 extention 3.Former structure
Long Copper at 2.1 for several reasons: 1.Bat completed at 0.886 XA 2.Up trend support line 3.Former support structure around 2.1 SL: 2.06 TP: 2.2
After breaking the longtime trend line, EUR is heading for the top of the tunnel there are multiple reasons,i will draw step by step
Will EURGBP fall into the abyss I see a shark pattern waiting arround 0.7 1.0.886 XA 2.1.618BC 3.0.7 psychological price the SL at 0.68524,wich is a little bit lower than 1.13 retracement of XA,although you can just put the SL at 0.6918
1.Down trend line 2.0.618 retracement at 231.29
the XAGUSD is well supported at 15.1 1.If the price break down the tunnel,we will short till the D point of a Shar Pattern 2.If the price rally from 15.1,we will see a large impulse wave the the 17 what will you do? I choose to wait until i have got a pattern to enter,whether it is short or long
the PRZ does not converge very well ,expecially the 0.886 XA So i will wait and see how the price go
After breaking the long time uptrend line,i think the USDBRA is in a bearish market but the price would never reach the final destination without correction. I think the price is in a stucture the BAT told us 4.094 is a good position to short
After this shark ,i will long at the 5-0 pattern followed
1.After a 5 waves ending diagnal,gold break up the down trend line and giving an impulse wave 2.We are waiting a correction down to the bottom of the channel on the daily chart 3.The precise turning point is hard to say ,but there are 3 price level which will be a great pressure on the 4h chart