theSoothsayer

theSoothsayer Updated 

We are forming an Elliot triangle correction pattern. At the moment price is consolidating at the tip of the wedge, expect a contraction in volume as we consolidate and gain momentum go up. When we do, it means BTC also broke the 2years old trend line, and we will be having a nice bullish season. Be aware if we break the base of the triangle, it will invalidate...

theSoothsayer Updated 

This is a continuation the XAUUSD trade idea posted a while ago, where gold has been following my forecasts. I applied Elliott wave theory in market geometry to predict price fluctuations. As I found Elliotts studies so poetic and inspiring I decided to do a twist with the name :) we are going for the bullish 5th wave. Turn on your printing machines ;;;)

theSoothsayer Updated 

This is an update idea regarding the other post. We've witnessed a big gap that brought the the price artificially above all resistances levels , but it bleed all the way down. Technically it's forecasting a red report for US tomorrow if keeps following #Elliott principles.

theSoothsayer Updated 

We find good support at this area, looks like we are going up and test the 0.5 fib zone (upper green horizontal bar)

theSoothsayer Updated 

A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout.

theSoothsayer Updated 

According to Elliott fractal theory, after those green impulsive waves there comes the correction, besides we have huge divergences in MACD pointing out a change of trend. lets cocreate abundance There's a good chance gold complete the wave 4 movement, after those long impulse waves

theSoothsayer Updated 

Technically, there's a break of trend, signs of exhaustion registered with the MACD (divergences). Fundamentally, there's a big demand for USD atm due to corona novel. They say Cash is king in times of uncertainty.

theSoothsayer Updated 

There's a good 50pips scalp potential for day traders. If you want to play safe, wait for the triangular diagonal contraction for a sell position with much better risk reward and confirmations. Long or short, you choose. :)

theSoothsayer Updated 

Btc hold a strong support around 6600 zone. We've seen divergence followed by a strong impulsive wave in small time. We are now testing 7k zone. if we can break through we will go up to 7500. Wait for price confirmations (bounces from the above drawn lines to operate).

theSoothsayer Updated 

Currently the SP500 is poiting south.... after the impulsive waves correction aka fed injecting liquidity in the markets, we can see that manipulation clearly with a divergence ( red arrows) price registering higher highs and oscillator higher lows.

theSoothsayer

Sell Eurmxn. Technical indicators show divergence, there's big probability of price reversing back to above mentioned zone.