Made 5 waves for the C. Expect an impulsive move to the upside.
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Did not mention this but it did tag the 27.20 fib at 1285. The fib dont mean much but rather the move towards the fib is the essential part. I can count 5 waves completing that C wave. Can you ?
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Did not make a setup to buy. I believe it will breaking down and then reversing. Just more sitting and waiting for the setup.
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Looks interesting now. Keep an eye on the buy setup.
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Looks interesting. Keep an eye on it
Trade active
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stop at BE. Potential one more down. If it takes me out and breaks upward ill just go in at a higher price.
Trade closed: stop reached
BE. Seems like that potential one more down is happening. Regardless, more waiting and sitting again.
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Just realised this. You got the first impulse (arrow). The third impulse and now is this the final 5th one?
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Will the impulse be strong enough to change the trend?
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Hmm.
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Note to self. If this is the trend change. This is a IRREGULAR flat. Small C move towards the low but cannot reach it and changes direction. We will see.
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tradingview.com/x/QTixoIZr/. Trend change thanks to trump calling off the north korea summit. Look for buy setups.
Trade active
boom. Lets go. stop at BE
Trade closed: stop reached
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Waiting for it again. Frustrating that it cant get going.
Trade active
Trade closed manually
tradingview.com/x/IviEO3qp/. Choppy but i will wait and let it break out of this. Most likely to happen during NFP but if it manages to grind towards new lows. I might be tempted to get in a bit.
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Bit bigger picture. Maybe one more down ?
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Another way to look at it since it reversed even tho NFP was good.
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Gold has been stubbornly going sideways for at least a month now. We got FOMC/BOJ/EU hopefully one of them will decide this. Just waiting for the impulse.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.