EURUSD found support at 1.1760 and has started to reverse as it broke above a falling wedge, arguably a Elliott triangle of the final Elliott wave.
We will be looking for a buying opportunity as the price has already pulled back to the 61.8 Fib level, and the bottom of a probable rising channel.
Our main target will be somewhere just below 1.1900 where there's...
Since the selloff started in early August, gold has fallen into a consolidation, forming a symmetrical triangle.
The gold was trading above support level 1939 throughout the week but has broken below a rising trendline the day after FOMC.
The bearish wave after FOMC has also marked an end to an Elliott triangle which could potentially send the gold further...
BTC Decision Time
Will the $9K Fortress Fall?
There is a seriously crazy amount of stuff happening in the world!.
- Global pandemic.
- A very just and long overdue fight for equal rights.
- Economic turmoil.
The list can certainly go on, but we'll only add one more thing to it — DECISION TIME FOR BITCOIN.
It is very likely that Bears will once...
By now, it is clear that the gold is climbing its 5th wave which is the final wave for the entire motive wave.
The price was ranging previously which turned out to be an ABCDE triangle and thus we are certain that wave 4 has ended.
This week, we will focus on buying the gold simply by waiting for a pullback from the current high.
The price is expected to end its...
Our long trade has achieved its target with 120 pips. - See attached -
Potential pullbacks are buying opportunities as described in the chart.
The US CPI will determine the next direction.
Have a nice weekend.
USDCHF is in the decision zone.
Bearish Scenario: Neckline Breakout and SHS Pattern
Bullish Scenario: Rejection and Bullish Elliott Triangle
We will update.
Have a nice weekend!
Chart says all. Been shorting too soon as usual, but the 7-wave Triple combo is a rare and confusing pattern.
Overnight ES futurez tapped the intersection of long-term TL and near-term TL in this wedge; they converged at 3056.
China says they were just kidding and wont get serious with the Great Donald, such a big surprise!
Expect to fill the gaps from past...
This Elliott Wave contracting triangle has been playing out for the last few years. It is now very nearly the time to take advantage of this structure.
This is a longer-term structural play. I will personally be looking to build core positions along the way and to trade against them as we enter into new corrective models.
These opportunities do not come around...
