after dollar decline euro is trading in side way correction. it can broke upside with bullish bias
gold is trading inside a potential parallel channel. Take profit buy low and sell high. gold daytrading Elliott wave analysis
gold has completed 5 wave expending wedge on 15min chart. It is neural with bearish bias and blue daily trend line to be broken
Yen is trading inside a parallel channel. buy low sell high
gold is bearish from all time high
if gold is going up ie making double top.
ethereum is rising in a parallel channel. It can retrace to blue line or breakout red and fly more higher
take sell entry at 1978 with sl at 2015 tp 1800 2015 is import resistance that will confirm bullish rally upto 3k or trend reversal. we can take entry inside this blue channel if gold break 2015 and continues it primary trend.
bitcoin short term chart pattern
gold is trading all time high in a parallel channel
Shrinking wedge is getting shorter and shorter with each new candle.
Gold is trading at all time high. trade plan to enter the market for day trading
Gold 5 wave bullish trend has made a ending diagonal pattern in its 5th wave that have potential for $2000 price. Bulls will take their profit and seller will enter the market. Bears will target for 38.2% retracement of this rally on H4 Time frame.
Gold is trading in parallel channel if we go more precise than we have pitchfork with 1.618 and 2.382 parallel. This trend is 5 wave rally with 3rd wave extension of 3rd wave. After the 5 wave up trend we expect trend reversal that is ABC correction. Breakout outside this channel will confirm bearish correction upto 1815 which 38.2% percent of entire movement.
this old gold parallel channel is about to breakout.