Wave c is completed and with the exit of the price from the diagonal ending, it is possible to enter the buying position with a loss limit of 1.17369
The trajectory of the bonds is quite clear
The upward movement of 5 waves is over and we have entered the correction phase
In the picture we see the pattern of the 5th wave extension. The wave will end in the $ 1875-1875 range and then drop in price to the $ 1760 range.
As we said in the previous post, after completing wave c from the flat, we will have an uptrend to the range of 1845-1856 dollars. The first part of this uptrend is over and it seems we should wait for a price correction to the range of 1775-1775 dollars
Gold is drawing a c at the end of the flat. After completing wave c, it can move up to 1860 or 1880. First we will have a price reduction to 1735-1735 in the form of wave 5
5 continuous terminal wave pattern that has provided a good buying position and can grow up to a certain limit. Then we will have a price correction to the uptrend line
In the picture you can see that the price after the reaction to the bottom of the downtrend channel and Fibo 100 expansion hidden divergence has formed and is ready to grow
With the failure of the uptrend line and the pullback to it, a favorable sales position has been created for us.
Each time usdcad recorded a new bottom, it returned 78.6% of its previous wave. This time too, considering the new price bottom record and the powerful daily candlestick, we expect the same behavior as before.
Gold returned well from the bottom of the canal after forming the twin floor and seems to be able to grow to the top of the channel
We are currently in wave 5 of branch c. Microwave 2 is almost complete and with the formation of wave 5 from the diagonal ending pattern, we enter the buy position for wave 3.
After a sharp downward movement, it has reacted well to the trend line. Due to the rapid reaction to the trend line, we expect the formation of a harmonic pattern. The buy limit has been determined and if the price reaches the buy limit, we will open the buying position