BeyondEdge

BeyondEdge

Evening all, A quick update on Gold and the fourth wave is still in progress. As mentioned in the linked idea, I'm expecting the corrective sequence to continue into December and print a new quarterly low with the Horizontal support level at 1800-1765 providing some confluence. I will be looking to take swing positions once this low is in as we are likely to get...

BeyondEdge

Hello all, XRP/USD appears to have broken out of an Inverted Head & Shoulder pattern. Short term target is 0.54. This is just a near term target and I am expecting XRP to rally much higher. I will be looking for a series of bullish patterns and waves to be forming in the coming weeks to provide added confluence. Do follow for further updates. Feel free to...

BeyondEdge

Hello all, A long term forecast for Bitcoin going into 2021. I am counting the third wave to be in the region of 33k - 38k USD. An extended third could possibly go in higher but I won't entertain it just now as it's anyone's guess. In accordance to Elliott Wave theory, the third wave is typically the most impulsive so it is possible that we achieve this level...

BeyondEdge

Hello all, A long term forecast for Gold going into 2021. I am counting the fifth wave to be in the region of 2185 - 2300 USD. Will provide detailed counts and price levels once we're into the final wave of this leg. Please follow for further updates. Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like...

BeyondEdge

- Please see link to my previous idea for XAGUSD - I'm looking at the prospect of silver ranging in the 19.000 - 20.000 level towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line. Quick impulses upwards would indicate a bullish breakout and a move back up to test the 2020 high. Do leave a...

BeyondEdge

XAGUSD appears to be ranging along a short term bearish channel (red). I'm looking at the prospect of a bearish breakout towards the baseline of the larger trend channel towards 19.000 which will take it back to the break out of that resistance level at the beginning of Q3. This would also bring the price back to the 50% retracement level of the bullish move...

BeyondEdge

Price looks impulsive in nature which could possibly be a wave 3 in progress. The key area is likely to be the mid-line (circled) of the channel. An ATH challenge provides some confluence. I'm expecting a successful break and a wave 3 completion around 33-38k. If the channel proves to be correct and price progresses to the upper line, we can expect the next...

BeyondEdge

Update of wave formation. Short term short. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge

BeyondEdge

Here is a Elliot Wave Triple Three correctional combination which began since the last impulse move reached its peak (1689) in February. The Zigzag pattern you can see between wave X to Z is the final corrective pattern of the three combinations which implies that the correction is coming to an end. Further confluence is provided by the nature in which the final...

BeyondEdge

Here is a Elliot Wave Triple Three correctional combination which began since the last impulse move reached its peak (1689) in February. The Zigzag pattern you can see between wave X to Z is the final corrective pattern of the three combinations which implies that the correction is coming to an end. Further confluence is provided by the nature in which the...

BeyondEdge Updated 

We’re in a clear Bullish Ascending Triangle on XAUUSD. There is a possibility that the wave D has not formed yet. I will be looking to see if we get a bounce from resistance. As you know, wave E does not always get put in so I would prefer to go long from the bottom of E (1680-1684) if it plays out rather than to short from D. Either way, I’m expecting a break...

BeyondEdge

The market isn't giving anything away as usual... what do you think this triangular correction is? Please leave a comment! *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the...

BeyondEdge

Just a quick share of my long term idea on BTCUSD. If previous Halvenings are anything to go by then we can expect price to continue into the apex of the symmetrical triangle and producing a break out to the upside during Q4 2020 or Q1 2021.

BeyondEdge

Elliot wave count adding further confluence to my previous ideas. Expecting a bullish breakout from current consolidation. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only....

BeyondEdge

This idea depends on the impending breakout being a bullish one. Expecting price to move further along the Riding Wedge before meandering it’s way back down during the 3rd quarter of this year. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature...

BeyondEdge

Rising wedge in formation. Please see notes on chart. There is the potential that the rising wedge is not yet fully formed in which case a new 4 hourly high will be created. **Disclaimer** This is not trading advice. All content/information shared in this idea is purely educational in nature and is expected to be used for analysis/illustration purposes...

BeyondEdge

ABC Correction on XAUUSD in play. Previous yearly high break indicates an Expanded Flat formation within which Wave B is typically between 0.78% and 1.38% of Wave A (Purple box on chart outlines this area). As you can see price broke above the 0.78% and can potentially reach the 1.38% which is at 1799.18. If this occurs then Wave C is expected to put in a deeper...

BeyondEdge Updated 

Price moving along the long term channel as expected with a couple of touches on the mid-line this week. Trend continuation to target price 1737 will be supported by a price close above the mid-line each week. If price falls below the mid-line then the 1627 level is still open for a test. Simply sharing my view on where the price could be heading to in the next...