Purvee

Purvee Updated 

Crude oil started dropping since Feb 4th, and now I believe it is great price for trend reversal. Supporting zone of 52$ is holding oil price really well. Trend line is holding the price really well too. Elliot ABCDE correction is now over, so big movement can be started by now.

Purvee

As far as I see, Golds bullish run is on correction right now. There is strong resistance on 1970 area. I highly doubt it will break or even reach that area real soon. So, big ABC correction is what I see now. To enter this trade I believe it is best for to wait for correction on lower time frame and enter on lower high.

Purvee Updated 

As my previous idea, EURUSD -0.14% is near the stop loss of 1.13000 But can it bounce on golden pocket? I would highly recommend buy on region between fibonacci numbers of 0.65 and 0.618 ,which is the golden pocket zone. SL —> 1.12950 TP —> 1.13500

Purvee

As my previous analysis, we successfully entered 3rd wave. Now the correction of third wave, which was ABC correction, finished. It is usually not recommended to enter at fifth wave. TO ENTER THIS TRADE SL —> 1.13 TP1 —> 1.14208 TP2 —> 1.14560 Always be careful with your lot.

Purvee Updated 

E found its bottom. As far as I can see, fifth wave is finished. Now big bull run is coming. Stop loss —> 1.12280 Target 1 —> 1.13617 Target 2 —> 1.14502 Remember that it is long term position, and elliot wave failure can happen.

Purvee Updated 

As far as I see, big correction ended around 1.15. If I am not wrong, downtrend should be started. First target —> 1.13617 Second target —> 1.13039 ABC correction more likely to happen between targets.

Purvee

As elliot triangle theory, XAUUSD is getting to the resistance zone and finish the 5th wave. It is highly possible that resistance will be broken and act as a support. I think resistance can not hold, soon bullish trend will begin. Wait for the resistance to break, then enter for long. Might take some retracement before breaking the resistance