Price moving in a zigzag correction manner at the moment as we are heading to subminutte wave c of MINOR wave 2 which end 0.786 FIBO retracement , then we short the trade to 1.1150 which fall on 1.27 extension due to the deep correction for the wave MINOR 3
MY BIAS STILL REMAIN AS SELL BASE ON THE QUASIMODO LEVEL ENTRY , PRICE IS UNDERGOING A FAKE OUT THEN I EXPECT PRICE TO MOVE UP TO THE QM LEVEL BEFORE A HUGE DROP DOWN , ALOT OF PATIENCE IN NEEDED TRADING QUASIMODO PATIENCE IS THE KEY
my point and direction still remain on this chart , that uschf is a buy now it hit 0.618 retracement level. I expect rejection from the pair now as DXY hit 0.786 rejection level from the leading diagonal formed on DXY
price moving in a channel , i expect price to hit 129 before the end of the month
GOLD is formed i big triangle after the series of the wave formed, since last month, and according to elliot , triangle occur mostly in wave 4 , which have already present on my chart now , im waiting for the daily close above 1744 area then that give me extra confimation to go long on yellow metal =, 1800 1860 1900 is my target on a long term
I WILL BE PLACING ANOTHER BUY ENTRY FROM MY PREVIOUS ONE WHEN PRICE BREAK THE LEVEL OF WAVE 1 GIVING ME A FULL CONFIRMATION THAT WE ARE ALREADY IN WAVE 3 WHICH WILL MAKE ME ADD MORE TO MY LONG ENTRY
DXY is in price level of submicro wave 1 of minor wave3 after completing minor wave 1 and wave 2 with ABC correction, the first wave of minor wave 3 was a leading diagonal of submicro wave one , i expect retracement of DXY to 0.382 or 0.618 of the leading diagonal before going for long again on submicro wave 3 which target is seen on the chart .