Here we have every schematic for XAU-USD in 6 boxes. Every single box has a macro schematic along with a special set of Fib Forks for all. Some are more defined and visual than other ones. Let us examine this layout.
#1, #2, and #4 have the first three Fibonacci Spikes (In that Order)
#1 and #2 also have our closest micro supports stemming from 2016 and then...
It is looking like BTC may be starting the c wave down to finish this correction.
Retraced approximately 85% of the move from highs in a 3 wave structure.
Hit 4 hour supply zone resistance with reaction.
There are 2 fibonacci measured move long setups below, with demand zones within the fib areas.
Also trendline support and recent all time high support within same...
Further to the earlier idea shared before the splitting of this stock, here's an updated version of the chart showing the same levels but adjusted for the split. The structure of this market suggests a completed 3-wave impulse sequence, which is now being corrected by profit-taking and short selling. The current correctional formation is seemingly completing the A...
The chart shows a fib projection based on a technique where the measurement is taken from low to low. In this example, I used the .236 ratio and connected it with the recent higher low and expanded the movement in direction of the original price move according to the Fibonacci Section ratio. An interesting technique that is not so popular among the traders here.
61.8% BEEN HIT AND HOLDING AS SUPPORT!!
LATEST 4H CANDLE STICK CLOSES AS A HAMMER I WOULD SUGGEST GOING LONG AS WE WOULD BE HAMMERING OUT THE BOTTOM FINDING NEW SUPPORT!!
