Dear Colleagues, after a long analysis, I suggest that the upward movement is not over yet. At the moment I suppose that the price is in wave C and should update the maximum of wave A 76.00, but to do this is not easy. The price should meet resistance and I see such a level - it is the resistance area at 79.37. I suppose that the price can make a small correction...
Dear Colleagues, the price showed a strong momentum of downward movement. I have redrawn the waves and I suppose that the price will continue to decline. The downside target is the area of the 100% Fibonacci extension level of 1966. Either the price will continue to update the minimum of wave 1, or there will be a correction in wave 2 and then the formation of...
Dear Colleagues, price has made a deep correction and now I suppose an upward movement has started. Wave 1 and corrective wave 2 (1.08695) have been formed, which can still update the low a bit, but if wave 3 has already started its movement, then I expect the price in the area of 100% Fibonacci extension at 1.09816. Manage your capital correctly and competently!...
WELL boiz, its time to update. look at the chart, raise your eyebrows, wrinkle your forehead, puff out your cheeks, blink hard and repeat 10 times. The facial exercises are over. NOW realize the idea: Wave A is finished and will look like a plane. divergence is needed to go up into the final correction B before falling into the wave C. the reversal zone is...
Dear Colleagues. I hope you listened to my advice and took a great profit from the last forecast. And now I am considering the continuation of the upward movement. I suppose that the price will reach at least the resistance area of 76.08. Before this movement it is possible to form a corrective wave 2 in the area of 50%-61.8% Fibonacci levels of 71.66. Manage...
Well hello there! I mUst say that the previous review moderator tip - its a STORY, not an fin advise was not entirely correct, or rather completely erroneous, because the price movement occurred in the other direction. I suppose this is the machinations of the cunning goblins who took away the cookies they had accumulated from the hoarding dwarves during the...
Dear colleagues, the price has safely reached the support area and formed wave 3. At the moment it is possible to update the minimum in the area of 1.08599, after which I expect the beginning of corrective wave 4 with the goal to reach 50% Fibonacci level in the area of 1.09204. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold has been on an uptrend path since a new low was updated at 1812 (Friday, 6th October 2023. The bulls took over from 1812 until there was a break of structure when the price updated the LH from 2013 (11th January) to 2002 on Wednesday, 17th January 2024. The break of structure could mean that if gold price fails to retest the recent HL of 2061 on the Daily,...
Dear colleagues, I assume that the price has either completed the 5th wave or is completing it. Therefore, I suppose that the price starts its downward movement. I suppose the first target is the support area 37041.78. This is the area of the wave 4 low. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Greetings fellow traders, I extend my best wishes for a prosperous New Year to you all. Allow me to share my analysis of the USDJPY market. As we can all observe, the pair is currently in a bullish trend, having exhibited the attributes of an impulsive 5-wave pattern. It seems we may be witnessing the conclusion of the last impulsive wave, assuming it is not...
Dear colleagues, the price has started a downward movement and formed wave 1. At the moment it is possible to update the minimum in the area of 2017, after which I expect the beginning of corrective wave 2 with the goal to reach 50% Fibonacci level in the area of 2039. It is possible that there will be no update of the low and the price will immediately start...
Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of...
Dear colleagues, I assume that the price will continue the upward movement, because wave 3 is forming now. It should update the maximum of wave 1. Therefore, I expect that the price will come to the resistance area 1.10252. Before that, a small correction to the swing area 1.09613 is possible. Manage your capital correctly and competently! Only enter trades based...
Dear colleagues, I assume that the price has completed the five-wave structure and is currently in correction. It should update the maximum of wave 4 or at least reach its level. Hence, I expect the price to come to the area of 100% Fibonacci extension level at 2047.117. Before that a small correction to the area of 2025.872 is possible. Manage your capital...
Dear Colleagues, the price has gone out of the plane and now I see the beginning of a downward five-wave impulse. Most likely, wave 2 is almost over or will end at the resistance area 2038.245. I expect the formation of wave 3, which will reach at least the support area 2017.309. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Looking for Impulse Up. AudNzd moving up soon. AN formed a bullish wedge pattern to move up. You have to wait for TL break out with strong bulls candle then get in on retracement. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the...
Dear Colleagues, I believe that the price will still go higher, completing wave 5. Or the price will continue wave 3. I expect a small correction, after which the target will be reached in the area of 38153.16. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 2 of the higher order. The nearest target is the support area at 1.08769. Manage your capital correctly and competently! Only enter trades based on reliable patterns!