montioga

montioga

possible W.4 retracement, finish of w. b and beginning of w.c heading towards 2200 ~ 2260 area

montioga

ABC Flat pattern

montioga

one more push to the upside to 61.8%-78.6% , before going down again. We can place a short term long position with SL below 108.00

montioga

GJ potential short

montioga

UJ is now in the corrective wave, the short entry would be around 38.2 - 50%

montioga

possibility of triangle forming

montioga

potential trade to the downside.

montioga

EURGBP could go lower this week

montioga

If this is a flat correction we expect the EUR to rise until the beginning of A. Very nice entry with high risk reward ratio

montioga

it seems that w.3 might be completed. We could wait for the pull-back of w.4 around 38.2-50% retracement.

montioga

potential gold trade

montioga

From the technical point of view this could be the final wave up with ending diagonal. Also by looking in the past when the stock is falling yen is very likely appreciate over the us dollar since yen is the safe heaven for the investor. We could see a potential drop in uj this week.

montioga

W.2 just completed as you can see it is running flat with w.c. going to 138.2% of w.b which is around 61.8 and 78.6 % of w.1 this is an idea ratio. We can also a kind of pin bar forming. The target is expect to be around 168.1 of w.1

montioga

Zigzag with w.b with triangle which is almost finished. We can do the short term sell with stop loss at the beginning of w.c of the lower degree which is 18.1000 because beyond this point the triangle correction is invalid.

montioga

I just adjusted my count because the market seems to tell us that primary w.5 is unfolded to be ending diagonal which is 3-3-3-3-3 wave move as we can see that w.1 is a 3 waves move thus I expect we to get another three wave move for the.second wave as well. we can wait for 61.8 and 78.6 retracement to enter the long position.

montioga

We just finished the primary w.4 with triangle correction, as we all know that triangle usually the move before the last move so now is the time for the last move w.5, we can see that gold just broke the triangle in which confirm the start of w.5 of primary degree. We can see that w.1 of the lesser degree is finish and we are now in the correction w.2 of a lesser...

montioga

I think we are in a zigzag correction with w.B retracement of 61.8% of w.A and if w.B is indeed ended we should be now at the beginning of w.C which is w.(1) of smaller degree. By looking at the structure I think we are at the last wave (w.5) of w.(1) which seems to be a leading diagonal. IN MACD we also see convergence in 4 hour time frame confirming that we are...

montioga

I think we are at the beginning of w.c as you can see w.b is exactly at 1.382 of w.a so we will see gold retest to around 61.8-78.6% for deep correction and before proceeding downward.