leeada2016

leeada2016

clear count using line

leeada2016

clear 4 hr view of count

leeada2016

about to head down after making 12 12 formation could be a larger wave a 5 waves down creating a larger wave 4 possibly unless possible cycle done this could be a start of a larger downtrend also. Time will show the path the last up move was on low volume and weak in comparison to impulsive moves prior. A bigger bull trap is made.

leeada2016

weekly and also monthly showing rejections and shooting stars and spinning tops at the least short term bearish 1670 been the area of interest as 5th extension often retraces at least 62% and often back to where the extension started before any possible resumption of bull. At best this will be wave c at 1.618 at worst it could be start of 5 waves down and level s...

leeada2016

same idea with channels that acting as support once these give way it may hard fall

leeada2016

inside descending triangle held up by old channels once gives way will see at 1818 before a bounce with 1670 the possible next support travelling back to where 5 th extension started. The structure and smaller tf all showing corrective patterns and strucutures, bull is now weak volume is going and struggling to make lower highs. Weekly candles are very bearish...

leeada2016

daily view of target on most higher tf you can see why 1670 will be tested and why it will see at least some short term resistance

leeada2016

monthly view of target this isnt valid in time but price 1670 can be seen why at least in short term be point to test if not break on first try

leeada2016

Now completed wave b and is currently in wave 2 of leading diag which will see impulse down into wave c. Upside is limited with 1955-60 been tested again short term

leeada2016

more or less same idea updated 5th wave extension ending at around 2.618 now looking for wave 4 around 38%/50% 1700 to 1670 area before the finally 5th wave which could also extend targets 23-2400 area posisble

leeada2016

at 3.618 anyone fancies the risk good risk reward 38% correction minimum wave 3 possible ending. Can never be sure crazy bull!

leeada2016

alternate count working very well wave3 ending 3.618 retrace 1670 area 38%

leeada2016

count suggests gold run is ending maybe 1990-2000 but after we will see deep correction a larger wave 4 of wave 5

leeada2016 Updated 

same idea having analysed this is a larger fractal of wave 1 of which wave 3 actually just went over 78% meaning from1910-1927 area is possible and good shorting areas. Minimum target would be break point at 1818 crowd mentality short term can push as low invalidation level 1790. At these levels a buy is a good risk reward for targets of at least 1960 2010 more...

leeada2016

based on extension of wave 5 1910 is 1.618 also 78% of wave 1 is around 1917 we have an area of confluence for good short. Unlike many who see a handle formation now occuring the retracement will be around 38-50% 1818 minimum with personal idea of 1795 before making a final leg and ath

leeada2016

short from 1880 1888 78% of extended wave 1 looking for 1795 area to relong for finally push of 1930 minimum

leeada2016

possibly not done this is a risky trade keep tight sl maybe 1830 buy 1838-40 with target ambitious 1904

leeada2016

completion of wave 3 at 1866 then correction 1790 before completion of larger wave 3 2.618 extension around 1920 double top