shamgar331

shamgar331

According to a weekly trendlines, seems like this may be a good time to go to a lower time frame and see if gold bounces bullish

shamgar331

Looks like an Elliott A-B-C-D-E pattern forming with the last leg(E) down to around $5800 before going to the m$$n (> $20000). This is the weekly chart so I'd expect this to take several months until we would have confirmation. Short term. I'd hope we'd see some bullish retracement, look for counter trend line breaks on a 4h-daily chart higher and taking longer...

shamgar331

Look for a reversal at $13029. This could be the big one!

shamgar331

Look for either a reversal at or near $3524 - either daily or weekly chart. If/when price breaks $3524, $4116 is the next major level to consider a reversal

shamgar331

Bearish to 117.9 Jun 22-ish off the daily Zigzag looking for 100% of wave A to trace out from B until around 117.9

shamgar331

ending expanded flat to complete the bullish correction rally

shamgar331

short term: look for a close at 19.58 this month, if we close near on .618fib, 16.08 is the next target, which is the .786 fib. long term: 11.63 sitting at the 1.18 monthly fib. ride the wave...

shamgar331

LOG mode The setup: 2 fibonaccis are on the chart. First with many purple solid lines is measuring wave I, second has dotted lines measuring wave III and V. *Aug-1982: bullish impulse Starts wave I *Jun-1984: zigzag retraces .382 of wave I to fib .618 level completes wave II and starts wave III *May-1998: wave III completes at a Fib level 16(not shown) *Apr-2009:...

shamgar331

Stay selling EURCHF, sell the peaks. watch for a sharp move outside the fork, once it settles start buying. I know volatility diminished, but it should return shortly. short term Look for a reaction at 1.0514 long term look to buy near 1.04

shamgar331 Updated 

Has anyone notice this long bullish candle today. I swear it wasn't there this morning. Anyway, I was analyzing weekly oil , it broke weekly channel to the downside, came back to touch the bottom side of the channel. This looks like an Elliott wave third wave forming. The Fibonacci 1.382 sits perfectly at the low of about $25. Honestly, that's where the...

shamgar331

Monthly Chart Price has stayed within the pitchfork and bouncing off major fibs, also bouncing on support resistance of pitchfork lines(btw, pitchfork is set using .618 not default of .5) At the current trend, who says we can't reach fib 3.618 by Feb 2024 - no one really knows so stay with the trend until it ends. Since we kinda blew through fib 2($247.94), using...

shamgar331

Looks like a A-B-C-D -E Ellitot wave just completed. Looking for bullish continuation. Looks better on a 5min chart

shamgar331

Bullish 5 wave pattern completed from Jun 13th to Jul 10th Corrective wave is still forming; A & B are complete, C is still in the processes. Prices should drop to at least the Fib 1.382 at $52.40 by Aug 8 to 12, signified by box C: Next possible target at Fib 1.618 is $51 At this point if all goes as planned, we should see a head & shoulders pattern form and...

shamgar331

Wave 2 is complete. If the $9071 price level holds, lets' look for a price movement toward at least the length of wave 1 near the $11,800 price level. We should see this is 5 waves. If this count is correct, this would be a 6:1 risk/reward relationship. The $11,800 price or 1.382 fib lines-up with previous resistance from (July 12, 2019) Time frame: I don't know....

shamgar331

It appears the 3 wave ( A-B-C ) pattern is complete, a minor (iv) wave pattern is complete to complete a higher degree wave 1, I'm thinking a pullback to the .382 or .236 Fib ($9400-ish) of minor wave (i) should take place as wave 2 develops, from there we should see a nice impulse wave 3 toward the Fib 2.618 or 3 (around $11,400-$11,800) What If I'm wrong in...

shamgar331

It appears we are in the last leg of a corrective FLAT C wave. We have (3) zig-zag patterns. If we measure the length of the last wave (a) of C, wave (c) ends near $9600 near the 1.18 fib. Fibonacci retracements are lining up. If this is correct, we should start seeing higher prices after wave C is complete. It probably should be a sharp move up (impulsive).

shamgar331

I like a bullish movement of LTCUSD. LTNUSD is riding above the 13 and 34 MA and based on a 1.27 Fib level of Wave 1-3. I'm bullish until about Jul 8. Why bullish and Jul 8? It appears that a 4th Elliott Wave is toward the end of its formation. Next move would be a conservative move up to the 1.272 fiboncci level. Wave 1-3 took 14 bars. Wave 5, if it's going to...

shamgar331

It appears we are in the Wave C of a corrective structure. Placing Fibs from previous low(Wave 1) to high (Wave B) and looking left to the 3rd of the 3rd wave(if I've counted this 3rd wave correctly) price should return to this area near the rectangular box near the .382 retracement fib or $95.97. Corrective wave should stay within the parallel lines toward the...