Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big.
Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset.
A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
Euro has been in a bullish channel for ages now since the above resistance from the monthly candles formed from Aug - Sep.
Expecting this channel to continue until this resistance is met and either rejected or broke.
Not too familiar with this pair see how the week starts. ✌
Using all the price action we have on gold we are at the peak of a bullish channel that goes all the way back to the beginning of PA.
Should we continue to see bearish price action whilst trump props up the $ for re-election it would make sense for this scenario to occur.
This would cause everyone to have a huge sell off on all markets, I think.
We would then...
A pullback towards $0.19 - $0.18 would line up perfectly for a 4th wave following the basic elliot wave theory.
The 4th wave would align with the major monthly support around the black zone.
A fibonacci from wave 2 to wave 3 is ideal as this is from the last higher low to the most recent higher high. The 61.8 & 78.6 retracements align perfectly with the support...
We are at the end of the wedge if we look at the Bitstamp chart on a Monthly Timeframe on the log scale to include the huge increase in price from Jan 17.
If we see the same increase in price (100,000% +) we could be at $125 by EOY, lets hope so 🙏
Following on from my previous two ideas’, 'Gold to 1700 soon, 1800 not long after', (see below), shows the rise as projected but with some correction first, because of this correction I see gold dropping from below the top of the fractal and not above as shown, this is also the same as the copy fractal from 2013. (see Gold south to north projection with pace...
Resistance and the latest breakout indicates one the 1M timeframe it's time to sell XAUUSD via the 1 MONTH Timeframe i have postioned the take profit just above the underlying support line just incase the exit isn't completely performed so if respected you'll be out just a tiny bit of profit short for a secure exit good for set and forget entry
Tesla stock (TSLA) is right now at a strong monthly support level. Think! Everybody is gonna be watching this! Well, I mean everybody who is sensible enough to watch key support levels at higher time frames. I'm not saying that everybody needs to play monthly time frames. What I am saying is that the strong level of support creates good probability for a bounce...
I'm starting a new multi-timeframe analysis series and using TradingView to document it.
The main objective of this multi-timeframe analysis series is to bring together the knowledge I have gained over the 4+ years of trading, and encourage me to consciously use that knowledge rather than working out of habit and 'instinct' which is so...