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Wellen

Gold - First 1855 then 1800 - Elliot Wellen Hi everyone! As you can see we are currently in the correction wave b. Due to the bullish indicator on the hourly MACD, I assume that wave a has already corrected. I also strongly assume that we are dealing with a bull flat with regard to the correction. Everything points to the fact that today or early next week we will reach the area around $ 1,855, where I'll be ready to position my shorts towards $ 1,800. From there, the first wave should start in the direction of $ 1900. I am looking forward to your feedback!
TVC:GOLDLong
by RaffaeleL
8
Gold leaves major downtrend and hits 1880Hello everyone. I have supplemented my idea based on the Elliot wave theory based on yesterday's market situation. The closing of gold on the current resistance line at $ 1842.10 is a positive signal for me to start the trading week with renewed momentum after the weekend. So I believe that wave 5 will be an extended wave. Which will test the area around 1870-1880 before a major correction takes place in June. I think that over the course of the next week we will finally manage to break the massive downtrend that has existed since August 2020. This breakthrough should enable prices well above $ 2,000 in the long run. For my part, I am running my long positions of 1786.5 and 1837 and I will be ready to close them and open new short positions as soon as 1880 is reached.
TVC:GOLDLong
by RaffaeleL
4
Retracement mitnehmen nachdem 1000$ Dampfhammer ^^)Hallo zusammen, nach dem 1000$+ Dump und dem anschließendem Schock sollte es nun mindestens ein 0.382 -0.5 Retracement für den gesamten Move nach unten geben. Das heißt, wir befinden uns auf der C-Welle und korrigieren nach oben. Deshalb habe ich eine kleine Long-Position bei 6411$ aufgebaut, die ich bei 6655$ abstoßen werde (oder meinen Stop bei 6600$ setzen). StopLoss ist unter dem Swing Low von 6300$ platziert Danach werde ich je nach Preisaktion in einen Short hinüberflippen.
BITFINEX:BTCUSDLong
by Gainzz_for_Dayzzz