sharing_is_caring

sharing_is_caring Updated 

I know its colorful but bare with me, obviously we are in correction and I don't think this is the end of it. It depends on what time frame is this correction but as it unwinding more of it I can get better perspective. for now just a wild guess that we are in B wave of the purple waves. if I am right there, then the purple C wave can come as a motivational 5 wave...

sharing_is_caring

please Traders speak your mind and tell me how you see it. As a wave trader what the structure is showing me is that it has a full 5 wave corrective upwards and even there are signs of change of trend and clear 1-2 waves which I expect to be 5 wave structure before bigger correction, and for example are the ghosts candle patterns which are copies of the white line...

sharing_is_caring

with US elections I think a lot of people are engaged in some works and the NFP will be higher. that I think will bring the gold in a wave C of the correction.

sharing_is_caring

here I see the last fifth wave on weekly degree. the wones that see the waves will understand. now the red line is when USA elections are and I am finding it as catalyst for the new downtrend, but it doesn't necessarily means. It might go some more higher even after the elections but all depends how it looks at the time, but for now just sharing my thoughts......

sharing_is_caring

afet that impulsive wave we are in small 15m or 30m correction. the form of the correction i don't know but this is the most probable.

sharing_is_caring

in bigger time frame I am convinced eurusd will go much higher, but for now seems that it is preparing itself, its consolidating before next big move. this is just a wild guess of how the consolidation will be going, it doesnt necessarily means it must make that shape or form its just a most common shape, so we need to observe it and see what form it will make,...

sharing_is_caring

on the bigger time frame it looks like a regular flat, and this looks like the end of it, if it finds the resistance here. under my seeing this is the most probable outcome.

sharing_is_caring

that what is showed there is ending part of the bigger running flat Correction. As it is now it doesnt look like complete wave, so thats why i added the most probable outcome. on the bigger time frame, it is gonna be a running flat because it is the 4th wave, and thats the ending of it, after which 5th wave is expected.

sharing_is_caring

complicated

sharing_is_caring

here is just another view for gold. that divergence may be cose its at turning point, so i expect to brake that near top and broke down for last structure which i expect to be 5 wave structure more that what is shown on this chart as 3 wave....

sharing_is_caring

recognizable corrective structure so on the last wave A=C is on 0.618 fib. retracement and some resistances are there.

sharing_is_caring

cheers!

sharing_is_caring Updated 

as everyone are universally shorting this pair i think this and following charts in comments should be considered just as precaution.... this looks as running flat correction by the school book. all tho they are hard to predict and very tricky. but here we have 3-5-5 and last structure is ending diagonal, cose (d) retraced .618 and touched and entered deeper in...

sharing_is_caring

and this is weekly structure and another reason to reconsider.

sharing_is_caring

now here it is on smaller time frame and that structure looks as leading diagonal and correction has started after it. now on the chart is my view as most probable correction cose im copying wave A, but very often it is more complicated that that, which means until it varies above that red support line 0.618 of the diagonal it will give a nice set up. now to be...

sharing_is_caring

it looks like ending diagonal and therefore it needs to reach 1729.xx before dropping again

sharing_is_caring Updated 

just my wild guess... tired of explaining what is what and why is that so, ill just leave it here...

sharing_is_caring

this over all looks as a motive and corrective pattern for upside, and now we r at the ending of the correction and this last triangle pattern worries me as it looks like ascending wedge more than ascending triangle, which means we might get some drops before we go up.