This a rough example of what I believe Gold can do on the intra-day chart. Option 1: Gold moves back into the $2,560 zone to create Wave IV which I posted a analysis for. It'll then move up towards $2,600 post FOMC. Option 2: Market tops here & carries on dropping long term.
Option 1: Gold carries on moving up from here and ranges between $2,570 - $2,550 for the coming days. Option 2: Market dips towards $2,545 - $2,535 before Gold finds support and reverses back to the upside.
Understand Sub-Waves inside a major wave in a huge part of the Elliott Wave theory. Each wave weather that's an impulse or correction is made up of smaller subwaves, which either play in the label of I,II,III,IV,V or A,B,C,D,E during a correction.
Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet. I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
This chart work I posted for Gold was a piece of art🤌 I said we were waiting for 2 moves which were; Wave IV & Wave V. Both which have now been completed. TP1 for Wave V has been hit if you look at the arrow. Let's see if TP2 towards $2,620 gets hit tomorrow or price drops from here. Then we can start looking for sell positions, as according to my refined EW strategy.
Gold pushed down yesterday towards Wave IV, creating a 3 Sub-Wave (A,B,C) structure. So even though it can easily push up now during FOMC tonight, I wouldn't rule out the possibility of one more smaller push down again towards $2,560. Let's see what price action now does. Yet Pending👇🏻 2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
US30 moving like clockwork😍 Price is currently down 1,630 PIPS (-4.58%) & more downside is expected. You can use this opportunity to capitalise on sell positions, then buy back at a cheaper price later on & target new ATH'S.
Our long term position on US30 has been moving so smoothly! Price is now up 8,350 PIPS (25% ROI) since I called it live last year on the channel for you all😍 Close out partial profits if you haven't already. Just a little more upside left to go!
Bitcoin came very close to our POI but bounced back up sharply, without activating our buy limit. But, i still have my buy limit open as price can still easily drop back down & tap us into the market👌 If price don't drop again, we'll just re-assess price action & buy at a different price point. Always adapt to market conditions!
Running 130 PIPS in profit so far for us! If Gold don't form Wave IV today, then it should form during FOMC tomorrow evening at 7PM. Don't forget that markets are always choppy ahead of any huge fundamentals. These choppy price actions always trap early buyers & sellers before liquidating them! Yet Pending👇🏻 1. Wave IV correction (A,B,C Sub-Wave) 2. Wave V...
On the overall weekly TF, Gold has now completed a 5 wave bullish cycle. I am now expecting a reversal to start back to the downside, targeting the $2,400 zone. It's possible market can push a little higher towards the early $2,600 zone. But overall, from a weekly aspect Gold is ready for a long awaited reversal. If we get any strong rejections around $2,558 we...
Overall, I am still bearish on Ethereum and looking to short the market on the weekly timeframe. Market is down YTD and I'm expecting this trend to continue into 2025. Market structure is currently forming an overall A,B,C correction. We have already seen Wave C start forming to the downside.
Overall, I am still bearish on Ethereum and looking to short the market. Market is down YTD and i expect this trend to continue into 2025. Market structure is currently forming an overall A,B,C correction. We have already seen Wave C start forming to the downside.
Yesterday I showed you all I am bullish on BTC on the Weekly TF. Here's a 4H view showing that price is dipping into my POI. This is a Wave 2 corrective move, of the OVERALL Wave 5 bullish move. As price touches my grey supply zone, I will look to open buy positions & target new high's🚀 Invalidation zone below previous Wave 4.
I am currently selling Gold on behalf of my Gold Fund investors. Currently running in small profits of £550. But we have much more downside & profits to come! Currently treating this market structure as Wave III. So according to my EW strategy, I’ll be targeting Wave IV now towards $2,560📉
This Wednesday is the next Interest Rate decision by the Federal Reserve. This time last September the rate got raised to 5.5% & since then rates have not been lowered at all. Markets have been pricing in a rate cut down to 5.25% this week, for the first time in the past 1 year. If the Federal Reserve don't lower rates as expected, expect some serious market...
Considering how bullish the weekly candle has closed, I do not believe that Gold has topped yet. I think Wave III is close to completion, meaning we’re waiting on the following according to my EW strategy👇🏻 1. Wave IV correction (A,B,C Sub-Wave) 2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP! We should see Gold buyers temporarily top between $2,608 -...
I still believe that Bitcoin has a chance to create a new All-Time-High in the coming months & shake out early sellers, same way late buyers have been liquidated recently. ⭕️A-B-C Correction (Sub-Wave) Completed on Weekly TF. ⭕️Major Wave 5 Impulse Move Yet Pending. ⭕️Liquidity Pending & Price Compression Pattern Identified. Invalidation zone below previous Wave 4.