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Gold, strong support coming inHello everyone, after the election in the US Gold started a sharp pullback and lost 9% within 2 weeks. Now the price reached very strong support zones, built from former consolidations. These zones also match with order blocs on the weekly, 4H and 1H time frame (not shown on the chart). The RSI is highly oversold and the drop was the biggest one this year. All in all I think it's time for a correction at least. According to the Elliot wave theory we finished three waves down, the C wave was formed by a five wave move which is very common on five waves. If you are interested in the micro count, let me know in the comments. The orange area shows the potential resistance for the larger B wave. The green support zone should ideally hold to keep the bullish trend alive and the upper zone shows the fifth wave targets. The price could easily extend to 3000 dollar before a major correction should come.
FXOPEN:XAUUSDLong
by Kyrean
Nividia: Will we reach 128.70 ? I Believe We CAN Good morning Traders MB Trader here checking into see how everyone is going So the game plan today is: 1) Do some wave counting; we all love a little bit of wave counting to figure out where we are in the market 2) Do some projections figuring out where are we going up ? 3) Do some micro projections to figure out the different areas of resistance and where that will be Enjoy traders and remember I love your comments, feedback and anything else you want me to make videos on Happy Hunting For Those Trades Remember trade what you see not what you assume MB Trader
NASDAQ:NVDALong
by Mindbloome-Trading
2
BItcoin: Recent history relative to priorOn the basis of earlier probabilistic map (which captured how price is being governed by golden rule on a bigger scale) , I'd look for same relationship to interconnect the chart on the short-term too. So at this point it's also important One of the earlier significant price developments would include the fact of bottoming late 2022 after the fall of -77%. Since currently the price is way above those levels, it allows the use of the line which connect covid and 2022 bottom. We also established that connection of two bottoms defines the wavelength 983 Days, thus the direction of that line can be used as axis of deviation plotted with fibs. The direction of the fall of -77% can be used to define the frequency of cycles from late 2022. Together they produce another interference patten that defines the uncertainty of the market. (Just to recap: The direction of fibs with shallow angle defines Price Deviation. Steep angle of direction defines the Time aspect of the waves. The steeper the angle the more it relates to timing.)
BITSTAMP:BTCUSD
by fract
5
GBPUSD WEEKLY ANALYSIS SELL OPPORTUNITY Complement of the season to you all. I guess this will be my last analysis for this year, i believe this year was a wonderful year to many traders, if this year was not good for you i want you to put a smile on your face because i gate something nice for you on GBPUSD going to next year. The chart 📉 before you is GBPUSD WEEKLY chart you will clearly see that wave 1 and 2 is formed already waiting for the wave 2 complete then start the wave 3. The wave 3 is the longest and the sweet wave to make easy money 🤑🤑 so I want you to put this pair on your watch list and let make money together next year. Happy new in Advance 🎄🎇🎇🎇🤗
Short
by FAVA-FX
2
NZDJPY LAST WAVE DROPNZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big correction. For now, lets see ow it plays out with a target of 410 pips from breakout. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES
Short
by Ifeanyichukwuxx
3