The structure it formed between the channel lines is a classic double top, and if it is so it will short any time now. But if it goes up to the top of the channel line structure we will confirm a ABCDE pattern and that will be even a bigger drop!
We are heading into a double top structure, somewhat over bought on RSI. And Elliot and Fib are long over due for retracement.
This is the most textbook double top ive ever seen. Sell within 30 minutes for best entry.
The daily and the 4hr are both over bought, it broke out of the channel line structure and its due for retracement.
Been holding a sell since yesterday, looks like today is the day it drops!
Elliot/fib and the indicator is looking very promising. I expect a massive drop within 8 hours.
Stoch/rsi is making its final bump up so i ran a fib projection and it seems like we will have a big down trend starting this week. Happy hunting.
We are in a channel line structure right now and i expect it to make a push for the resistance trend line. Indicator and elliot are saying the same things.
On this pair we are coming off wave E, MACD says we are going short, and with the use of price action we can see that it has hit two different levels of resistance. Come monday, ill short this pair depending on where the market is at when it opens.
This pair just finished its 5 wave structure that was followed by a 3 wave correction. So now we should be looking at another 5 wave structure to break out and from taking a look at MACD you can see at this level previously it failed to go higher. MACD just crossed and i believe we will be seeing a very profitable short. Happy hunting!
Very easy elliot wave analysis on this one, MACD and investing.com both agree with elliot so it looks like we will arrive at the 1.2700 level. Check out moosegangtrading to learn the Elliot wave method the right way!
Investing.com has this pair going short on all charts. I believe we are on a C wave correction and will arrive at the 1.26443 level.
Based on the MACD rising and the wave structure I believe gold will go up. Just have to keep an eye on your trade since gold is so unpredictable.
I took a short on this pair, I will get out before the B wave correction happens.
Based on my technical analysis by following the Elliot wave patterns/Fibonacci retracement/RSI wave E has is about to start and I believe we will be seeing a sharp pull to the downside. The community on investing.com also is expecting the same results. Happy hunting.