Uptrend is going to resume after this base completed and breaks out. Volume is rising as the price is going up. Price also bumped of 50 day MA suggesting strong support
Details on the chart! After a long basing process for 13 years Gold has completed a Cup & Handle pattern. Price has moved up since then and consolidating. Just completed a ABC correction in Daily chart suggesting the resume of uptrend soon!
Wave 3 Potential Price Zone $120-150k Wave 5 Will see the price go beyond 250k or more. But its a long term game!
Details in the Chart! NVDA have 2 potential Setups: 1. A Bearish H&S Pattern: Price broke down the neckline , retested the neckline and now heading down to potentially complete the H&S Pattern 2. A fill the Gap setup. The Gap fill will be completed in the zone marked with green rectangular box Both setup indicating a bearish movement toward 750-660 Zone.
AUDNZD has almost finished a 3 wave structure after the big upmove in Mar/Apr 2015 and ripe for an up move. The price started moving up around mid September but then came back down. Now its look like more of a H*&S in making. The upside target is 1.12 or beyond...... The neckline for H&S is 1.0769. The AB=CD move also targeting around 1.16 ( 2 Blue...
AUDUSD finally going through the rebound phase. There is a bat completing @.7444 which should be the minimum target. It can go further down though. It will require break of .7250 to turn bearish near term.
Possible scenario near term. A move towards .7640 is possible which will complete an alternate AB=CD pattern (CD=1.618AB). There will be a bit of consolidation from yesterdays top to .7340-.7300 area and could extend toward.7250 area which is the 0.618 retracement of the recent up move. Price is expected to shoot up from that level towards 0.76. Below .7250 the...
if .7160 support broken next level is .7070. and possible downtrend to .7000 area before moving up. Trade Plan: Entry: .7145 TP: .7070 SL: .7200
Hi I am a newbie and this is my first published idea. So I will appreciate any constructive comments and feedback. Please see the detail of the idea in the chart. *DISCLAIMER* This is just my own analysis and trading journal. it is not a recommendation for anyone to trade. Everone should trade according to their own plan. Thanks*