TRX should be finding support for a 3rd time at 88.6 support zone But as always...Time will show! Safe trading ladies & gents BM Music at work: open.spotify.com
Tree drive to a bottom pattern seems ready to pan out With gold catching a bit I'm looking forward to see next weeks price action for finding a bottom. I'm bullish in this area and looking for entrance to get long. We might see a quick dip to fib 1,27 at the 1,56 handle to create a hammer candle but not necessary. But as always.... time will show! Safe trading...
Gold need to catch a bid for this stock to prove a bullish move but does look interesting with this triple bottom I'm neutral to long.... but could become bullish very quick :) But as always time will show Safe trading ladies & gents! BM Music at work: open.spotify.com www.youtube.com
Will be a nice buy around 2.00 SHS target zone
At 60min / daily I see a bigger SHS. On the smaller time frames there is a possibility - first of all of a IHS with a consolidation period right now around 2,49 neckline. This IHS could create a later head test with a reach of the 1,27 fib. From there on...let's wait and see. Gold is still weak and could still be working on a double bottom in the 1200 area. The...
Had hoped for a more slow and easy bull flag and not just a quick pop up. Let's hope we see a back test during the day or a full gap fill.
Looks like TRX with this small bull flag is setting sails for gap close at the 50 fib retrace
Looks like TRX with this small bull flag is setting sails for gap close at the 50 fib retrace
For those who are bearish on gold - might see this shs on the TRX that could end up in a double bottom. The harmonic pattern suggest the area around 2,61 The shs target around the 1,95. Place your bets gent! Safe trading BM
Nice IHS target for the TRX... but of cause - need to reach neckline and break it ;)
Nice SHS target for the TRX... but of cause have to readh neckline and break it ;) I will add more text later
TRX as well as Gold could have finished it's a-b-c korrection on the daily/weekly chart and we are perhaps to see more downside move. On the 15 min chart - gold has a shs at neckline. TRX is at channel line support.... so both has to rally north from here. In other words...we will have the answer tomorrow where gold miners (GDX) and gold are heading. For the TRX...
A classic ABCD pattern makes a 1,27 fib extension of the AB leg. The extended ABCD pattern makes a fib 1,618.
A daily Elliott Wave count. So fare the TRX is in a wave 3 of 3 making a breakout over the red resistance line. The same breakout is to be seen on gold. I have mistakenly believed that the minor wave (green) 2 was part of a wave 4 zig zag. In hindsight it was obvious not the case. The TRX being in a wave 3 of 3. I'm of cause very bullish on the stock. The TRX...
Seems like it follows this rhythm in the Gann Box. Adds well up with the Elliott wave count. Just remembered: www.youtube.com
If the harmonic pattern - the bearish butterfly - plays out it does look like the e-wave form my TRX Elliott Wave study part 1 is in and a 1,27 fib could be coming . Bringing the stuck back to it's ATH
This time around with Andrews fork.
This is my study of TRX beginning with a weekly view using Elliott wave. I'm long term bullish on the stock. I see TRX being in a triangle making a push up an break out after making an e-wave or an alt c-wave. The push will be in 5 waves up where it will meet the red resistance line. Here it will be determent whether it will be the alt d-wave and thus have a...