This quick analysis asks a good question... Do we really have a bear trend on gold and other metals or is this just a stop hunt ?
I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have...
The analysis shows off that the long term bear trend of USDJPY 0.07% may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave...
The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can...
The market reversal that we anticipated long ago by this ending diagonal configuration that worked just perfectly and gave me a perfect short entry right on the top.
Plus the following reinforcements given by PRO Sinewave & Momentum. This was nearly educational setup here for those who begin with the indicator's reading.
Anyway the Elliot count now suggests that...
This study shows what are my projections for the german index. Still to early too jump into short but certainly not buying anything here as we have a nice reversal on top of the H2 timeframe. Price are probably just pulling back to form Elliott wave 2 point and head to the big wave 3 that should be the extended wave of the bear impulse that I expect the prices to...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur.
It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see...
Significant rally into the next resistance (red) provides a short opportunity around 50 to 70 pips
Price may consolidate and then continue rally or continue underlying downtrend. Either way, chances are good to chase the new 240M high that is likely to form in the red zone for another 50 to 70 pips
eurjpy short trade
Daily momentum down
1H momentum down
Previous support break test (resistance now)
Pin bar rejection
Daily pivot point rejection
Closing below low gives us momentum advance
0.382 Fib Retracement
Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6%...