Going up slowly. Put SL on LL or 190.610 Bullish. TP 191.50 SL 190.610
Chart keeps going bearish and formed a bearish harmonic patttern. Bearish. TP 1.25450 SL 1.26130
Completed bearish Elliot Wave is a chart pattern. Bullish TP 67700.00 SL 63900.00
Retracement after the trend. Chart makes some corrections. Bearish TP 151.100 SL 151.650
It take such a huge u-turn, reaching way low, probably because distribution phase. It may go lower.
Two tops and chart bounce from atop of them leading to a simple uptrend. Combined with the harmonic pattern it can reach 300%~423% or 461% (see image). Anyway, don't be greedy since higher high is not confirmed. Bullish. TP 1.08725 SL 1.08565
Gold flag pattern plus few double bottoms in minute 5 can make chart return to the HH trayectory. Bullish. TP 2211.00 SL 2175.00
Take profit on 67516.5 Stop Loss on LL or 65300.0. Bullish.
Basically, the recent correction of bitcoin makes the chart be in the same position as gold and eurusd, making the three markets be prepared for what is going to happen. Right now bitcoin has gone out of track, but there is still time for it to come back and become bullish.
If gold do retracement successfully, oil will be rising, but not much. If it is too fast, Gold will drop heavy. Ten hours from now it should reach a certain high. There is an unclear harmonic pattern below trend, which chart should reach 300%~461% of it. God bless.
A harmonic pattern has form, expecting trend to reach 423%~461%. Get ready and don't sell. God bless.
Distribution phase can still be active. Manipulation phase has ended . The distribution is bullish so keep your operations buy and not sell. God bless.
It reached a particular zone where it will keep sideways for few days, as being in manipulation phase. In God's Will, in this week we will see another impact. If gold and eurusd hasn't reached bullish limit, bitcoin will go bullish. If they reach it, it will go bearish. Stay toon to this other pairs.
Gold exploded with eurusd but still not reached a limit. For this four hours, uptrend can be shown until 2222.000, reaching higher then previus HH. If in four hours chart doesn't return, that means distribution phase has begun and will not return to original track.
Gold seems pretty good to me. Volume is not decreasing to fast meaning that it will stay sideways for few hours. By volume drop, combined with a small harmonic pattern, it should go bullish completely. If it continues without rising the trend, it will drop. Another point is that oil chart hasn't drop, so if it keeps rising, gold will drop. If it change trend to...
Now, is retracement time. Let's see, volume is still high and it should drop with a retracement or a wave. If retracement is successful then an accumulation should happen. And then decide trend.
While bitcoin drops the coin, gold seems detachment and jumps again inside original track for the third time. If this continues, bears will be in big trouble, since a downtrend wave before an bullish trend is a pattern signal to go bullish 161% of the top higher high. Will chart continue to stay sideways? Or it will finally break structure?
Oil will jump to the hole sooner or later. The impact is tremendous when it comes oil vs gold. One ascendsand the other falls. Lets see next week what will happen.