wandilematthews80
THE BEGINNING OF A NEW TREND. MARKET IS CURRENTLY CORRECTING TO WAVE 2 OF THE OVERALL TREND AS WELL AS WAVE C OF OUR MINOR ABC CORRECTION WAVE.
Gold just broke out of a minor trend in the lower time frame. It then made an ABC correction and retraced at 61% of our fib retracement. gold also formed a double touble pattern and is currently retesting the neckline. It has not broken the overall trend as yet as it is still ranging in the triangle.
based on psychological levels this is my thesis of the market in the next 2 years. I am Wandile Msimango and Im about to shake the industry, 2020 September 10.
Gold is the only safe haven investors buy as the US economy weakens. Its in a bullish trend and will only keep rising. Technical theories are as projected.
Market is preparing for upside movement as we prepare for the bullish POUND season or perhaps the last 6 months of the year. wave 5 should retrace around the monthly neckline, allowing the market structure to play out.
A SPIKE BELOW 1927 WILL SEND THE MARKET TO 1915 THEN REVERSE AND TRAP LATE SELLERS
Market just finished correcting. Should prepare for upward momentum