Our original sell target of $2,580 got smashed! Here is what I am looking for next; Option 1: Gold takes another dive down towards $2,580 again, followed by $2,560. Option 2:Gld ranges within a tight zone over the Christmas period, due to low volume in the markets.
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
We saw BTC further plummet down this morning, 5.36% in 1 4H candle. All you late buyers getting liquidated, while me, my Crypto Fund investors & everyone in this channel is profiting. Great end to the week🦾
Bitcoin sell TP1 smashed!✅ Less than 24hrs in & our first target has been met on BTC. More downside expected towards our TP2 at $86,000. Hope you all got in & profited from the live call yesterday!
Gold has officially broken below the 'Flat Correction' channel & Wave 3 sell's are in full effect! This sell volatility was induced by the Federal Reserve lowering the Interest Rate down to 4.5% last night. As per usual fundamentals come into effect AFTER and push price towards our technical bias. I've said it before & I'll say it again. Politics & Economic data...
BITCOIN SELL TO $86,000! Looking to short BTC as price action on smaller TF is offering a shift in market structure. ⭕️Wave 3-5 Impulse Move Complete (Major Wave 3). ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction (Major Wave 4). ⭕️Choppy Price Action From Buyers. ⭕️Multiple Wick Rejections Within 1 Range. TP1: $97,250. TP2: $86,000.
Gold buyers are looking very weak towards the bottom part of this 'Flat Correction' channel. We've already seen a melt off of 950 PIPS since we got a Wave 2 rejection at $2,725. This impulse move would count as 'Minor Wave 1' of the 'Major Wave 3' downwards trend. Any consolidation we see will be 'Minor Wave 2' correction. YOU WANT TO ENTER SELL POSITIONS on...
Overall still bullish on USDCAD as my Elliott Wave Theory strategy predicts little upside is left, AFTER a retracement. ⭕️Wave 3 (III) Complete. ⭕️Wave 4 (IV) Correction & Final Wave 5 (V) Bullish Leg Yet Pending. ⭕️DXY Bullish, Meaning USDCAD Is Still Bullish.
What did I tell you all 3 days ago? Wave III has completed, so we should expect a retracement down towards Wave IV. USDCAD has dropped 150 PIPS towards our supply zone, so well done if you caught short term sells! Price is now rejecting our supply zone with bullish momentum, so you can start looking to getting into buys towards major Wave V & major Wave Y.
Remember my USDCAD analysis posted 3 weeks ago? Market moved exactly how I said it would. We saw Wave III create its top, which led to sellers coming in & pushing price down towards our Wave IV zone. Bulls came back in rejecting our Wave IV zone & now running 115 PIPS in profit towards our Wave V (Major Wave Y) target!
To no surprise, our USDCAD buy analysis worked out to perfection! Beautiful rejection from our Wave IV support zone & shot up 300 PIPS in profit towards our Wave V (Major Wave Y) target. Close out this trade now if you're still holding🔥
Gold has been dropping further down this morning, creating a new weekly low. We are now in the lower bound of the channel again & pretty much close to completion of the 'Flat Correction' wave. Wave 3 in full effect now📉
Haven't had time to update recently as I've been extremely busy, but either way Gold has been paying us in the background! We got that rejection from Wave 2 & a huge melt back down again towards the bottom of this 'Flat Correction' channel which I called for you all. Now waiting on Wave 3 to make its huge move down📉
Very nice rejection on Gold today from the upper bound of this channel. 'Flat Correction' play of the EW Theory is in process. We've seen a 3 Sub-Wave (A,B,C) move up towards Wave 2. Now waiting on Wave 3 to make its huge move down📉
Gold overall is still holding bearish. I originally expected a ‘Flat Correction’ on the lower bound of the range, but price is now creating that same correction, on the upper bound of the range. Market analysis is still valid & I’m still holding my sell position’s open. Market structure would be invalidated if price broke ABOVE previous Wave 5 high.
Gold overall is still holding bearish. I originally expected a ‘Flat Correction’ on the lower bound of the range, but price is now creating that same correction, on the upper bound of the range. Market analysis is still valid & I’m still holding my sell position’s open. Market structure would be invalidated if price broke ABOVE previous Wave 5 high.
Gold is in a neutral zone right now, but overall I am bearish. Here is what I am looking for next; Option 1: If Gold closes above $2,690 then we can see a short term bullish move towards $2,740 before it drops back down again. Option 2: Gold keeps dropping in its bear trend. Our target is $2,580.