The Expanded Flat structure is complete in my view, next push to the upside would be the last then we will turn bearish for a couple of months. DYOR - not a trade advice
They will shake up buyers once again, C wave of the correction before heading up to 1.2$ by August
We have Two high-probability scenarios for BTC and both of them are bullish. Yesterday’s drop was necessary to collect liquidity for the upcoming move. Buying levels are set on the chart. This is only short-term, long term remains bearish in my view. This is not an advice, trade based on your own views and judgement.
Not a financial advice. Probably the last 60 days of bullish activity for BTC during 2023.
I posted several calls from June 2020. NG is super bullish and will breakout from the multi year channel soon to target ~8$ Now we go down in a large correction and sideways movement until November. Bears are coming.. temporarily.
We went from 1.5$ which was called during the end of June to 3$, this move is far from over and I expect continuation to 4.4 by 2022 and maybe higher.
US oil bulls are taking this higher everyday, but this wont last for long. Possible trade with excellent Reward/Risk ratio ahead.
If you followed my calls for NG im sure you have triple your investment now. As an update I believe NG will go into consolidation (bull flag) for the next take off above 3$.
Gold is forming a perfect structure, large bull flag with a retest of previous breakout range. Longs should be taken around 1836 with SL below 1827. If we break and hold below 1830 the bearish momentum might accelerate and aim for 1783 before a strong bounce. Target by November is 2300
One week after our initial analysis NG is already recovering! If you went long last week move your SL to cost, unless NG goes above 2 and holds, we remain in the bearish channel and could test the low one more time. Long term outlook remains very bullish.
NG is about to take the final leg down to complete cycle 3 down wave. Three Drivers pattern should be complete with that leg and the next up move will push for the breakout of the 11-years channel.
Our analysis from the 1st of May was perfect, now we are in the consolidation period where we form the right shoulder in addition to a bull flag, ready to shoot higher!
Looking at June contract, oil formed a nice double bottom And is currently forming an inverted Shoulder Head shoulder (SHS) formation with a neckline between 20.3 and 20.7 Once we break above 20.3 we may go up to 25 then form a large correction before going up again.
The recent drop in Silver wiped 12 months of gains. Its time for a trend retest. XAUXAG at 104!