XAUUSD correction is over. Technically, gold may have reached the end of its downward movement. According to my analysis, the correction has reached the upper range of W1ATR. W1 ATR is the average of the weekly movements over the last 14 weeks. This level could act as a strong support level. My analysis can be confirmed by the fact that the upper white square...
Hello traders,In this analysis, I examine wave 4.
Wave 4 can have two structures, either a triangle or a zigzag. If the structure was a triangle, it should have gone straight up from the open price last night, but since it has a decline, it has a zigzag structure and can go down to Fibo 0.50 in the 1840 price range.
If the ascent starts, be sure to enter the deal...
BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Wave 4 rules:
Wave 4 should break the line parallel to the trend line 1: 3
Wave 4 should not enter the range of wave 1 (of course, in the correction ,it can enter the range of wave 1).
In this structure, 3 waves:
Wave a: 3 microwaves
Wave b: 3 microwaves
Wave c: 5 microwaves or 3...
Hello traders,Today, we have considered 3 possibilities for gold, which we will examine all of these possibilities together :
Probability 1 If the price enters the channel, it will go to its last previous ceiling and there we can have 2 possibilities, the first probability of breaking the previous price ceilings and being sure of the new uptrend and the second...
GME correction continues. Based on my analysis, I expect a further correction in Gamestop's share price. The fair value of the company's stock is currently at 241.85 usd. The current uptrend is currently halted at this level. The bold red line is the level of the average of the price movements ending in a rising closing price over the past 14 days. Practice shows...