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Elliottwaveprojection

SCB | Wave Projection | Pullback Trade @ Bullish Pennant SupportPrice action and chart pattern trading: > An possible ABC correction scenario with bullish pennant pattern or descending triangle > The price currently SMA20 crossing below SMA50 with MACD crossing down bearish support indicator > PULLBACK TRADE @ bullish pennant support level at a further breakdown with local doubled top pattern targeting -4.5% downside to fibonanci 0.786 extension of previous A-wave support level. > Risk Reward Ratio 3:1 Always trade with affordable risk and respect your stoploss!
SET:SCBLong
by dukeposh
GOLD: Consolidation in near term?Hello everyone! From a technical point of view, the major trend is bullish on large time frames, but in short term looking at the intraday chart, a consolidation of retracement around 1.844 area is possible. If we look on the hourly chart, the Price Action should develop a harmonic structure with the same target area. That said, the area around 1.883/1.891 is a strong resistance where the market will try to sell the yellow metal, we'll se.... ...trade with care! 👍 Cheers! N.B.: Updates will follow below If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
OANDA:XAUUSDShort
by TheAnonymousBanker
23
ADVANC | Elliott Wave Projection | Complex Inverted H & SPrice action and chart pattern trading > Elliott Wave projection possible the end of Intermediate 4-wave downtrend > Complex inverted head & shoulders formation ABC uptrend correction > Bullish divergence in previous 5-wave downtrend confirmation > Entry @ neckline breakout - RSI downtrend breakout > Target @ C-wave uptrend 1.618 extension of A-wave near volume profile POC > Stoploss @ B-wave right shoulder > RRR: 2:1 Always trade with affordable risk and respect your stop
SET:ADVANCLong
by dukeposh