The price movement indicating its already at 5th wave movement with potential last hike to hit the weekly key level before making the corrective wave. However, IMO this week will be dominated with corrective waves so I would use this outlook for intraday trading plan especially on Wednesday, Thursday and Friday as I expect an impulsive movement on secondary (M30)...
This is a quick analysis based on my simplified Elliott Wave application. Can't say no more. That's all I see.
Nasdaq will continue weakening as the last support has already broken. This setup is considered as an aggressive one because the clear confirmation has not appeared yet.
Buy Area 98.20-98.40 Stop Loss 96.50 Take Profit 101.80-101.90
1. Bearish correction already finished 2. Accumulation phase begins 3. This is an aggressive setup, still waiting for confirmation
DISCLAIMER: -This market outlook were made for personal use and self record, any profit or loss based on this market outlook is on your own responsibilities as a trader or investor. XAUUSD is already formed a wave 4 indicated with a deep corrective movements, however the bullish impulsive wave is still dominating and I'm still looking for another buy...
Technical Overview 1. Bullish Pennant on Daily Chart 2. Bullish Divergence apperard 3. Falling Wedge Breakout the Weekly Resistance BBRI.JK will continue bullish based on my technical analysis overview. As we can see the bullish pennant in the wave three movement is the part of the A-B-C corrective movement breakout. With the low risk and really good profit...