waleedkhan

waleedkhan

Watch out for a doji or pinbar at todays close; could be a potential morning star tommorow as price is flirting with the 200 sma

waleedkhan

Price broke down; 1285 to 1300 would be an interesting area to watch for price action reversal candles... (and this could be deemed as stop hunting eventually if price does find support) However as stated in the previous linked scenario's this bearish pattern is likely to continue lower!

waleedkhan

"Pivotal" time for the Usd index Sandwiched between the 50 and 100 ma. From a harmonic standpoint; it is also pitted by two opposing "bats" which are causing such an indecision...

waleedkhan

Building from the last chart; two possibiities remain open... A bearish contracting triangle that will extend the C wave and take crude below $100 and probably even more... or then an alternate count would be bullish possibility of a butterfly forming at 104.54-105.39; which will also mean the completion on the 5 wave

waleedkhan

Gold is in a corrective elliottwave pattern: Where A leg was a zigzag; followed by a BC (flat wedge formation) 1298-1300 would be an interesting area to watch; to see if there is reversal which will confirm the bullish gartley which might take the price back to 1310 support level; which could then be deemed as "E"!. If not then we are surely going down...

waleedkhan

Gold Bearish Elliott wave scenario based on a ABC correction

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Gold elliott wave bullish senario which ties in the gartley projection from the last post!

waleedkhan

Gold Gartley Pattern Scenario if Price becomes bullish and hits target D

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USDCAD 4 hr chart elliottwave analysis... It seems we have bottomed out on USDCAD and the long term trend is up!

waleedkhan

USDCAD DAILY CHART Scenario one According to this scenario we are currently inside wave 4 corrective wave and we might just get a flat wedge like correction; followed by a rally to 1.082

waleedkhan

According to the current structure; it is very difficult to identify whether we are in an impulse wave structure or corrective wave structure... 1 can also be labeled as a and so on... Oil as of this moment is trading between the 50 and 61.8% retracement level... if price does not move higher then we can move lower...

waleedkhan

Gold scenario 2 assuming wave 4 correction is complete

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Gold scenario no.1

waleedkhan

Gold Scenario 1 where 4th wave is going to break into a wedge pattern and then rally in the 5th wave...