Can't identify entry points yet, but we might be at the start of a new impulse. Fib extension indicates key goal.
Can't see any immediate entry points, but just take a look at the flags. I believe we are still in Elliot Wave 3 on the 4 hrly.
I believe we are in Wave 4 of impulse on 4 hrly. Stoch in overdrive and we might break that key Fib level.
We're going down
Probably still has a bit more to give in the fifth wave before the inevitable consolidation. RSI still looks healthy.
We are in the end of final wave of impulse. RSI 84 on daily, 85 on weekly. I am expecting a fall soon.
Elliot Wave 4, battling the triangle to get out into breakout territory.
Bouncing around the key Fib levs so far, about to test resistance with downturining Stoch and <50 RSI.
I believe we are in end of Elliot Wave 5 (which is bullish), with RSI >80. Gold will turn around soon and it will be epic. Don't long, wait for pivot is what I would do.
ABC Consolidation and now broke triangle on the upside, retesting the new resistance
Coasting above eMA200, positive Stochastic, VolStop and Parabolic SAR. Just cleared a key Fibonacci level
Good evening all, I hope everyone is well and 2020 sure does not stop to amaze with its new developments. There have been some fun moments on the markets over the last few weeks and I think, as always, its better to zoom out first to see what the heck is going on in the world and how might events impact the markets. We have had progressive easing of COVID-19...
Passing consolidation/pullback, we are in the 3rd impulse wave with positive momentum. The Aussie will continue to strengthen itself against the Greenback.
Following a progressive fall of Euro since April, we are drawing out a triangle. With coiling momentum on the stochastic with price action approaching resistance, I am willing to place a bet that the price motion will get deflected to continue painting out the triangle, possibly to at some stage exit the triangle on the downside. Don't hold your breath for the Euro.