The 1st scenario is Broadening Wedge with rebound and break resistance, and then raise to another record with possible to break $2700 first. In this "scenario B" , I try to make some exception for the resistance. Concern the resistance is too strong after the rebound, therefore we will find the correction until it break the support. After that we will find some...
Are we going to have correction or still uptrend? Looks like this Broadening Wedge formation in H1 will provide enough correction with another rally as long as the support doesn't break! Other version of Broadening Wedge also identify as Ascending Broadening Wedge and the move will be oposite from the Broadening Wedge itself. Becareful with the support! That's...
Don't get rush to conclude that gold already too high and it will ended the rally soon! No, it hasn't! at least that what I see on Monthly Chart. The breakout in March 2024 is the beginning of new ultra bullish gold! The "Cup and Handle" in Monthly chart didn't come in one day or one hour! It built in multi-years and therefore still have long time to go from the...
When the first time I share my thought and my chart to everybody about this USDJPY monthly chart pattern in several years ago and repost in early January/February 2024, the reaction was "no way"...."impossible"...ect. But then it break the resistance above 152. What else teh reaction? Near term resistance will be 155-157 areas, but then Japan probably get the...
Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night. So, we update the condition. Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look...
Bearish rectangle expected on H4 US Dollar Index, Ascending Triangle expected on H4 Gold. Needs breakout confirmation from both of them. Breakout support needed for US Dollar to confirm the downtrend continues Breakout resistance needed for Gold to confirm the uptrend continues Make sure use Risk Management! Disclaimer On!
I found that Elliott Wave has not finish to form the 5th wave. But, the Expanded Triangle getting confirm to look for some correction wave. Therefore, I see some correction move first for potential 4th Wave, and after that we can see the bulls resume the trend for %th Wave It probably Needs 2-3 months ahead to get to the target of 5th wave. I will wait around...
E-mini Dow Jones Futures having a great rally since March 2020, and it was corrected in late November/October 2020. When people worried about the deep correction, Dow continue the rally until 33000. That was Amazing! Wasn't it ? So, here the idea i wanna share to you guys. I try to take a look at the H4 chart and Daily chart, but also trying to compare with a...
The idea is to see whether DXY still face the pressure or time to getting stronger. Well, in this video I try to combine what i see in Daily chart and Weekly chart. As it seen from March 2020, DXY has been fall sharply and then we see it rebound in the last 2 months. And still going to raise further. But as seen on the daily chart, we found that Resistance exist...
Just sharing my view. First of all, it moves directly inside the uptrend channel. While we thought this is already pick, but suddenly i try to take a look the pattern inside the channel. Take a look at the starting point. The rally comes after the correction at the 'starting point'. Small correction when touch the 'Support 2', and then breakout the resistance...
I suspect this H4 forming Head & Shoulder Pattern. But still way to go for confirmation. It needs some trigger to push the dollar lower, and then break the Neckline. Unless, the uptrend getting stronger, that means this pattern will never happen. This is only my idea