


Hyper-reality
Chart does the technicals. Two forecasts to consider. Either the completion of a huge wave 4 on the weekly! This itself supposes the long drag up to a wave 5 completion of a multi-year super cycle high. if so this would be the first move up...... we can expect the long drop thereafter... it's a long way down from a monthly parabolic. The second option is the...
Chart is self-explanatory- ideally, bears are seeking a daily/weekly high test pin to finsih a wave 5,5,5 . This would signal a weekly move lower.
Price making the slow correction. I would like to see another drop into the previous wave 4 areas shown in the chart. We already have a significant divergence brewing on the RSI on the daily timeframe. Once price begins to consolidate longs can be considered.
CADJPY now making the last move higher, looking for clear daily divergence before issuing selling orders to the lower green area.
In two with silver. The recent price action shows an impulsive structure with clear 1-5 waves. But I remain concerned that wave 4 looks too similar to wave 2. Therefore I've added an alternate count showing a large ABC correction in play. BOTH counts should see a drop soon.
XAUUSD: Extended Flat Abc running on fumes. Price spikes higher yesterday, however, I would like to see a move lower to complete the daily impulse off the daily lows. This would allow a longer-term entry long. For the moment I will wait on the 15 min tf for a bearish entry to sell the green box.
Profits taken this afternoon. Now we wait for a short-term abc retracement to hit the 100% fib level (green box) before we can issue another sell order for the last leg down.. See graph for details.
GOLD MAKING A MOVE LOWER FOR THE ABC CORRECTION. Waiting for a series of lower lows on the 15min tf.
Aussie pushing hard and refusing to give it up! I would not be surprised if we see one more squeeze higher here before a correction lower, which is looking substantial even at the 23% retracement level--such has been the rally!
the chart does what it needs to. All three criteria ticked for me. Sell the wedge lower,
Silver is now in the latter stages of the bullish phase. I expect a large daily pullback in the coming days. Shorting from 3 key levels to the green support. see chart.
A nice five-way move to the upside is soon to finish. 4hr divergence and a clear 5-way pattern indicate the time to short as shown.
Chart says it all. ABC ziG-ZAG looks exhausted. Now we move to sell towards the 50% fib retracement. I have added my macro analysis showing a larger cycle ziG-ZAG in play.
USDCHF: Update. The Breakout Triangle comes into focus! Bears take the wheelhouse and are now in control. Vis-a-vie, more downside in coming here.
100+ pips clear AND tracking more upside towards the final C leg of a larger degree ABC