AdamIdris2

AdamIdris2

As of mid-May 2025, gold prices have experienced a notable decline, retreating from April's record highs above $3,500 per ounce to approximately $3,180. This downturn is attributed to easing geopolitical tensions, particularly the U.S.-China trade truce, and a strengthening U.S. dollar, which have reduced the demand for gold as a safe-haven asset. Technical...

AdamIdris2

Trend: Major Trend : Bullish Minor Trend : Retracement Note: Looking for the completion of Sub-wave C of Wave ii. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.

AdamIdris2

Refer to the support and resistance level drawn on the chart; there are 3 possible scenarios that might occur. 1. If the price breaks the resistance, it may continue the uptrend. 2. If the price is still within the support and resistance level, it may continue sideways. 3. If the price breaks the support, it may continue the downtrend. At this moment, there is...

AdamIdris2

Trend: Major Trend : Bullish Minor Trend : Retracement Note:- Wave (1) completed with starting diagonal. Wave (2) possibly completed with ABC. Now price is moving up for Wave (3) with 5 sub-waves. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.

AdamIdris2

Major Trend : Uptrend Minor Trend : Downtrend (Retracement) Note: At this moment I still see the price structure as retracement to complete Wave 4. I don't know whether it's already completed or can go down further. This is only my EW view. Not recommended to trade based on this EW counting. Must do your own analysis prior to placing a trade.

AdamIdris2

Major trend: Uptrend Minor trend: Downtrend or sideway Note: Monitor the completion of wave IV. If the price break below the triangle, consider wave ‘e’ failed and need to recount. Probably the new pattern is expanded flat and final wave is wave C of Wave IV which consist of 5 minor waves. This is my EW counting and maybe wrong. No trade recommendation. Please...

AdamIdris2

Major Trend : Retracement Minor Trend : Retracement Note: In my opinion, the Wave C of Wave E is completed. Next wave could be Wave 1 of new uptrend. This is just my point of view. Not recommended to buy or sell.

AdamIdris2 Updated 

Trend : Uptrend EW No.: Wave 1 to Wave 2. Wave B to Wave C. Note: Currently I see a correction pattern of 535 in progress to complete the Wave 2. Wait for the completion of Wave 2 in the zone before taking any action.

AdamIdris2

Major trend : Uptrend Minor trend : Retracement Note: The price has rejected the support level of the triangle to form Wave ‘c’. Now she moves to resistance level of the triangle. If the support level fail to hold the triangle, then the Wave ‘c’ is going to be 5 waves to complete Wave C of Wave 4. This is just my EW view. Not recommended to trade based on this...

AdamIdris2

Trend: Major Trend : Bullish Minor Trend : Retracement Note: Here is my alternate EW counting for XRPUSD. If the ATH is considered Wave (III), then the current price movement looks like a triangle to form Wave (IV) in 5 abcde waves. Let's see whether the price is fluctuating in that triangle or not. This is just my point of view. No trade recommendation....

AdamIdris2

Trend: Major Trend: Bullish Minor Trend: Bullish Note: I believe Wave 2 (Green) is currently completed with a sharp pullback. If not yet completed, then it will form a new complex wave. Next Wave 3 will have 5 minor waves. This is only my EW view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.

AdamIdris2

Trend: Major Trend : Bullish Minor Trend : Bearish (Retracement) Note: I see a retracement pattern of expanding flat of Wave 2 (In circle)- Less common pattern for wave 2. Looking for Wave C completion. To place a buy trade, a bullish minor trend is required. This is just my point of view. No trade recommendation. Please do your own analysis before placing any...

AdamIdris2 Updated 

Trend: Uptrend EW No.: Wave (iv) in progress Note: Now Wave (iv) seems to form a triangle pattern before going to Wave (v) to complete expanded Wave 1. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.

AdamIdris2 Updated 

Trend: Uptrend EW No.: Possible completion of Wave (iv) of Wave 1 Note: If the retracement of complex waves is completed, the trend may continue to go to Wave (v) of Wave 1. If not yet completed, then may witness one more pattern to become triple corrective patterns. This is just my point of view. No trade recommendation. Please do your own analysis before...

AdamIdris2

Trend: Uptrend EW No.:- Wave (iv) in progress Note: Predicting Wave (iv) will complete soon by completing Wave c to complete Wave Z of Wave (iv). Hope this is the final correction wave (triple zigzag) before going to Wave (v) to complete expanded Wave 1. Typically zigzag is rare for wave 4. This is just my point of view. No trade recommendation. Please do your...

AdamIdris2

Trend: Uptrend EW No.: Wave (4) of Wave C (in circle) of Wave 4 (Black) Note: Wave (4) looks like a triangle if I am right; it is still in progress to complete wave E. After completing Wave (4), it will go to Wave C in the circle to complete Wave 4 (Black). The information attached to the chart regarding the Elliott Wave theory was given by ChatGPT. I just do...

AdamIdris2 Updated 

Trend: Uptrend EW No.: Wave iii in circle to Wave iv in circle Note: Usually, Wave 4 will complete based on possible corrective patterns. Watch for completion of Wave 4 before going to Wave 5. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.

AdamIdris2 Updated 

Trend : Uptrend EW No.:- Original plan : Wave ii in circle completed Option 1: Final wave c for Wave ii in circle Option 2: More complex wave of Wave ABC. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.