MelusiR702

MelusiR702

BUY Opportunity - Base channel on Daily time frame retested indicating end of Wave 4. - Buy opportunity towards wave 5, potentially at price - 47 838.64 Buy Confirmation - On 2 Hour timeframe, Bos and with a leading diagonal. - We then place a buy limit at 41 087.27 as the demand zone This is not investment advise. Enter at your own risk.

MelusiR702

Update on Gold Buyers are now joining the market as predicted. Previously posted: A potential buy set up on Gold This is based on a long-term buy on Gold looking at Weekly and daily time Frame. When applying elliot waves and Channels, we see a bigger picture for potential reversals and continuation. I will therefore wait for a reversal on 2 hour time frame...

MelusiR702

A potential buy set up on Gold This is based on a long-term buy on Gold looking at Weekly and daily time Frame. When applying elliot waves and Channels, we see a bigger picture for potential reversals and continuation. I will therefore wait for a reversal on 2 hour time frame to complete wave 4 and then buy until wave 5 which is at the channel boarder.

MelusiR702

ICT - Liquidity Swept at H4 - ChoCH at H4 - Reversal to Point of Interest (Demand zone) - Expecting a long term buy on SILVER

MelusiR702

Daily - ABC Correction on EURUSD in a channel - B completed with a Triangle 4H - Formation of Wave C in 5 waves drive - Simplex flip complex correction. Wave 2 was a simple correction, we expect wave 4 to be a complex correction.

MelusiR702

Daily - Ending Diagonal on daily time frame 4H - Expecting full short swing during the NFP session (08 March 2024)

MelusiR702

Daily - ABC correction for wave 4 completed 4H - Expecting 5 waves down for wave 5 completion

MelusiR702

Daily - Market is indicating a reversal with an early Double Top - We expect the market to eliminate early sellers before shooting down EW - 3 waves completed, waiting for wave 4 to complete and shoot for wave 5 4H - BoS, Liquidity and POI outstanding - We can wait for the market to collect liquidity and reverse at MTG-Flip (wave 4)

MelusiR702

Elliot waves Prediction on Gold. Daily - Gold is bullish, creating a leading diagonal after a flat correction (3-3-5) - 4 Waves of the bullish leading diagonal completed waiting for Wave 5 confirmation. H4 - The last leg 5 waves of the leading diagonal in motion with only wave 3,4 and 5 outstanding - The 8th of March 2024 is NFP day. More buys were seen on gold...

MelusiR702

I expect a Strong ZAR against Dollar in the next few months. Reason: - The USDZAR has given us WXYXZ correction from the past 12 months (June 2022 - June 2023), we can conclude on a complete cycle. (elliot waves) - We can therefore project for an impulse 5 waves down. - We have completed W1 and W2 ( at 50% Fib level), aiming for W3 at 261.8% of W2 Entry: - Apply...

MelusiR702

1W - Correction at 78.2% - CHoCH after bearish motive EW 4H - Ending diagonal complete - QML at SND level - Trendline break+retest

MelusiR702

Expecting a further short on Gold. Daily trendline reached on top. RSI confirmation used.

MelusiR702

Short projection Completion of 1D correction. This is an indication of a stronger ZAR for the next few months

MelusiR702

Elliot wave analysis. Chart patterns. FLAT correction on daily

MelusiR702

Short projection. Based on Wave analysis expecting a stronger dollar

MelusiR702

Lower time frame short position before long. High risk trade. Chart patterns

MelusiR702

LONG PROJECTION ON GOLD. It can be an immediate buy or wait for confirmation at the selected point of interest.

MelusiR702

Short projection on EURUSD. Anticipating a stronger $ for the week. Based on EW analysis and Channels.