waiting for the wave b to finish then imma go bearish 4h confluences looking for rejections on 0.5 fib level matched with support and resistance zone a divergence between wave A/C of B lose of momentum price action rejection a spike to the downside indicating the power of the bears 1h break of structure 15m ema's crossover and enter stop lose= above...
so based on the waves we are in wave 3 in its wave 5 looking to go bullish trading wave 5 and trading with the big trend on the 1h looking for divergence between wave a/c with a lose of momentum and rejections candles on that fib s/r zones with a spike to the upside indicating the power of the bulls on 30m looking for the break of structure higher high/higher...
based on my wave analysis i say gold is gonna retrace ( wave 2) to that fib/support and resistance level correcting wave 1. that means imma be looking to trade wave 3 all the way up and trading with the big trend-following dynamic traders move. my confluences= 4h i gotta see lose of momentum down to that fib level small candles (shrinking candlestick ), showing...
so based on elliot wave we are in wave 4 of wave 3 looking to trade wave 5, also following bullish market structure currently waiting for wave 4 to finish its retracement which is symmetrical triangle on the 4h, looking for price to go and hit the 0.382 fib level matched with s/r zone, showing a lose of momentum and price action ( long wick candlestick, a...
so finally gold is heading to the upside to form wave 5 after a long complicated correction wave, we are in the start of wave 5 so im looking to trade wave 3 of wave 3 of 5 i waited for the structure to form, now waiting for wave 2 of 3 to finish as a double three and hit the 0.618 fib level matched with a resistance zone which will be support _ looking for...
so currently m still in this GU trade, trading wave C of 4, for now, I'm looking to enter the second trade trading wave Y of Y orange as a double correction wave. currently, I'm waiting for wave x to finish the retracement as a regular flat on the 4H and gives me a divergence between 3/5 of c nd with that said imma be looking for a loss of momentum on that 0.618...
based on my analysis the wave b of 4 is close to finish and with that said I'm looking to trade wave c the big move of 5 motive clean waves to the downside as a big regular flat correction of 335. --what I always look for on the 4h strong confirmations; divergence between 3/5 of c plus we already have the daily divergence between w/y pink; after that imma be...
BTC is finally done retracing wave 4 and it came as an expanded flat stopped on 0.382 fib level and now it's heading back to the upside to finish the final wave 5. so now as usual I had the confirmation ; 4h= divergence between 3/5 of c and a big divergence of A/C daily, which gives a clear indication that bears are out of the market. --loss of momentum and price...
--wave b of c seems to be finished came as regular flat 335, and as we see on 4h we have a loss of momentum on that 0.764 fib level and divergence between wave 3/5 plus price action rejections (color change candlestick, hanging man, shouting star) now I'm only waiting for a strong spike (engulfing candle to the downside). -- then Imma be ready to go to the 1h...