From my perspective and experience about Neo-Wave, It looks like we are in the pattern called "Double Combination with a Missing-X Wave". I'll explain the reason why I think it is. I gradually separated each monowaves segment, then I found that it has 2 sideway phases and 2 down-trend phases. I examined possibility which pattern can occur, here's the list. Can...
Idea: The price is trying to break through an important resistance level - the weekly 50 MA and the upper border of the descending channel. A price rebound from the resistance level will lower it to the lower border of the triangle. Breakdown of the lower border of the pattern will be a signal for the continuation of the downtrend
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for XAUEUR. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
price couldn't break the descending channel yesterday which confirms the bears are still in control..
Monthly: - Rejecting previous Monthly structure - S&D zone - Bearish Indicational Candle Weekly: - Bearish Indicational Candle - Break from a Support zone (Could be a retest) Daily: - LL & LH - Natural W - Bearish Indicational Candle 4H: - H&S Pattern (A lot off Bearish pressure at the S1 zone)
The way that I like to think about it is if you look at any activity involving probability theory, there are those who make the bets and those who take the bets. Once you dissuade yourself from the gambler’s mentality, you see very clearly casinos have a highly effective and successful business model. In other words, casinos take the bets because they have...
Pair: XAUEUR Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Type: Swing. Entry: Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of...
In this chart we see a solid movement downwards from a channel and then a failed attempt from the market to enter a range and instead entering into a double triangle pattern. Use 30 minute time frame for better entry and always wait for retests.
Pair: XAUEUR Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Long Type: Swing. Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not...
Gold down and up. I see huge pressure on gold price in near future. After consolidation the price should go higher.
Such a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We...
Such a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We...
Such a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We...
Hello,Traders! XAU-EUR or the Gold price in Euro Broke the key horizontal level Which makes us bearish biased And thus we are expecting Further bearish move down After the pullback and retest Of the broken level Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
According to my strategy, they have to form a 3rd level for M15 to complete the structure, meaning they'll rise higher to 1764,9. Then retrace back to the zone to test it and gain momentum to break the resistance zone of 1764.9 and then shoot all the way up to the resistance of 1788.0 which is the final Take profit.
Long position taken due to following 1. Price action on bullish trend line 2. August remained bullish in past
The fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, and you can short.