TIME
Gold elliott wave and time@mode analysis (2016-06-25)Gold was bottomed at December 3rd last year and was confirmed at December 17th with a double bottom. I made an elliott wave analysis previously and pointed that the five waves down were finished and would start a three waves correction.
From elliott wave analysis the wave A correction has raised from 1046.23 to 1263.37 with 70 days. Then it underwent an expanding triangle correction for 109 days which is wave B. It broke out of the correction region at Friday. If this breakthrough is confirmed in the following week, gold will head for higher.
I made a time@mode analysis based on @Tim West and @Ivan Labrie's method.
Price target:
TP1: 1391
TP2: 1463
Time target:
T1: August 31th
T2: November 04th
Good luck for everyone!
Notes: Pay attention to whether the breakthrough will be confirmed in the following week. If it does, gold is in wave C.
EURUSD:When can short sell the euroWhen can short sell the euro,1.106 may be a good position.Why?
All the indicators of the different time periods show the euro bears, so in order to short the euro based trading strategy before next Wednesday.
Additional Time Frame overlay
Different time frames can be selected via controls
study("Add TimeFrame", shorttitle="TF Layer", overlay=true)
res = input("240", type=resolution)
o = security(tickerid, res, open)
h = security(tickerid, res, high)
l = security(tickerid, res, low)
c = security(tickerid, res, close)
col = c >= o ? lime : red
plotcandle(o,h,l,c, color=col)
GBPUSD Countertrend Time WindowGBPUSD Countertrend Time Window.
3Drives price traget conjunct with many important Fib ratios
