XAUUSD further rise. My starting point is that if the corrections are doubled (yellow rectangle) and during this time doubling within the ATR closures (white rectangle), the amplitude of the fractal wave sequence will also double. This is one of the most basic rules of fractal theory. If this theory continues, I do not expect any further reduction. Consequently, I...
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This is a very quick trade on UJ, the pair broke the small consolidation area and now is retesting it! So it looks amazing for some short term buys!
As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.099.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.103.
TP4: R2=1.104.
Set the stoploss of these orders at breakout of S2=1.098.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
theres 2 setup here on gold we either come back for a 3 touch and drop or we get the hover on the bottom of that trend line and drop out taking this to the bottom of the structure
Starting with the daily we had a nice break to the upside yesterday as bitcoin finally surpassed 9200, this has been held overnight, i kind of expect a retrace to 9200 and 9200 to show support before the end of the day but never the less RSI looks bullish MACD Looks bullish and a break to 9400 takes us to 9600 and then there is nothing till 10k in theory
monthly...
Gold (Barrick) before rising 92%. The exchange rate appears to be moving in an accumulation area. Technically, the figure shows that the correction lower levels doubled in percentage (yellow rectangle). It can also be seen that the fractal rising wave sequence (green rectangle) also doubles. Conclusion. We have an accumulation phase, we have a doubling correction...
1) Price has formed a double bottom on the daily chart
2) Price may bounce off thosprize zone and continue to the upside
3) Price has rejected 1.0344 price zone historically in the past (one being a very long wick)
1] (On the smaller time frames) If price breaks recent downward trend, and then retests, that will comfirm movement to the upside for me.
Looking for...
RyuxFX - USOIL Bullish Reversal
Oil will see a reverse in market sentiment and make a bullish rally back to retest its reversal.
After a bearish push during the de-escalation of US - Iran war tensions, Oil has reached a level of historical weekly and daily support. We can now expect bulls to drive back into the market and push USOIL pack up towards it's last...
This analysis posits a wave C of an ABC correction in progress. The retracement of the candidate wave 1 leading diagonal is too shallow for a typical wave 2 retracement therefore my preferred wave-count now has the leading diagonal as a wave A. On this basis I would expect wave C to extend to 100% to 161.8% of wave A with resistance to be found at the deceleration...
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