Chartanalysis
Gold buy 2358.00 - 2360.00GOLD BUY NOW 2358.00
TAKE PROFIT 1 : 2362.00
TAKE PROFIT 2 : 2373.00
TAKE PROFIT 3 : 2403.00
STOP LOSS 2344
When hitting targets ;
Set Break-Even after the first target.
Partial close at minimum 40-50 pips.
Implement minimum 2 layers in the zone.
Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital. Until finished this trade stay alert.
Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
BUY ADANI ENT for gain of 25%With short term profit target.
Adani Ent is forming a pattern and it should break it with upside movement in coming days.
once it break the resistance level, it might go further up with the support of new government.
This is just for knowledge purpose only, invest at your own risk.
Key factors:
1. Favourable Govt.
2. High volume at resistance shows better opportunity.
Honeywell: Nearly There!Honeywell almost made it to the resistance at $210.61, which it should overcome as part of the current magenta wave (3). However, there is still a 32% chance that the price will pull back down into our magenta Target Zone between $188.24 and $180.93. This short-term bearish alternative scenario will be triggered if HON drops below the support at $189.66 before reaching a new high.
Caterpillar: Digging DeeperOur forecast for Caterpillar suggests that the green wave is currently being developed. We reckon with further price drops in the short term before the beige wave IV can conclude. The pending low should then initiate a trend reversal, which should enable an upward move above $402.16. However, in the context of our 35% probable alternative scenario, the trend would reverse earlier. In this case, the beige wave alt.III would form a new high above $402.16.
Starbucks: Wide Awake?Starbucks has recently completed its dark green wave in our Target Zone (between $86.38 and $68.39) and should now be wide awake and ready for renewed rises above $89.73. The price has already worked its way upward step by step. However, we consider it 37% likely that SBUX will breach the bottom of our Zone to head for another corrective low.
XAUUSD Plan for First Week of JuneXAUUSD plan for this week, now the market is going to make a wave 4 and then continuing to make a wave 5 to finnish ABC pattern from elliot wave
I already put the fibbonaci area as you can see on the picture, and also you can be prepare that this structure have potential false break out, so lets wait and see
S&P 500: Already reached the summit?According to our expectations, the overarching wave (1) in magenta should extend to a new record high. Only after this impulse do we anticipate an extended wave (2) correction. However, please note our alternative scenario (38% likely). This option will be triggered if the key 4964 level is breached and implies that the price is already in the correction.
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders,
Here is my analyis of AUDUSD pair.
After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3).
We expect a rally from this zone following the shallow wave (2) correction.
The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario.
Alternative Scenario:
The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.
Fantom: Ready or not?FTM fell back to the upper edge of our magenta Target Zone ($0.7680 – $0.5047) last week and ran sideways above this level. Primarily, we continue to grant the coin the opportunity for a deeper dive into our range in order to reject the low of the magenta wave . Only then should it turn around and rise above the resistance at $1.22. Should this level be exceeded earlier (37% likely), however, we will have to place the price in this uptrend now.
THIS BTC CONFIRMATION CAN GET BTC TO 75KBTC looks interesting over the next time frames and it can show more increase. That's why we're keeping an eye on Bitcoin at this moment.
$68540 is a key confirmation zone. this level has already a confirmed, there's a high chance it could reach $75K - in the long term, and hype times can make the coin to the target faster.
Remember, there are no guarantees in the market. Always follow a consistent system based on your strategies and analysis.
Good times, everyone.
This update is not trading or financial advice.