Gold is trading in 4th corrective wave while everyone is trying to ride 5th impulsive wave which will take gold to $2100. Anyone can buy gold with SL below 1765 (high of first wave ) support 1847, 1818 invalidation level 1765 1847 has become import support for buyers. Traders who buys at this level can get the chance to 2100 bullish rally if this level is not broken.
On the weekly time frame gold is trading inside a range between 1976 and 1862. S&R in the middle are 1932 and 1901 before making bullish rally to 2k weekly candle is necessary to be closed above 1976.
gold is rising along an ascending trend line with support at 1932 and resistance 1976
technical analysis vs Politics gold always goes up it just need catalyst to get trend. After intraday bearish move on dollar strength gold has made this rising wedge pattern with reversal candle right at the top of the wedge. the current intrady trend is part of primary trind of on daily chart with hight of first wave at 1765. the current move is part of 4th...
bit coin is highly bullish after jp Morgan and PayPal comments but these are fundamental factors drive the price of it. Elliott wave analysis price is trading in its 3rd wave of extend third of five wave sequence.
after parallel channel breakout bulls found resistance at white declining trend line.
price has retested parallel two time on both side.
price is trading inside parallel channel
Gold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities. Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
silver has made bullish flag with abc correction . wave C being extended five wave read to test low of the parallel channel.. At the low of the channel being multiple fib projection with wave and 5th wave being finishing there would be perfect place to buy for next bull rally. resistance for invalidation 25.84669
index is trading inside channel. breakout of this trend line will generate election sell off. Market could return from here. It is right time to buy with ultra low stop loss.
price is trading inside a parallel channel. It has found horizontal resistance before further decline.
bitcoin has been trading inside parallel channel . The blue and white parallel lines are guiding it before making any breakout or any bullish rally
Trend lines and Chart pattern combo trading strategy. the white trend lines has been tested two times on both side trade on third attempt or breakout with primary trend being bullish
weeks old trend line to be broken for gold bulls
gold has made symmetrical triangle which is part of trend started from 1848. We can expect higher high . White horizontal lines gives us more confirmation on valid breakout. It could be abc correction or 5 impulsive wave but three wave being common in both case.
After huge bullish move silver has made bullish flag correction pattern. it could give us last sell opportunity before bullish breakout. 25.847 being important level because it could be low of 1st wave with market right now at the high of 4th wave than we can expect final 5th wave to the bottom of flag with buying opportunity.
silver is trading inside a parallel channel. Buy at the low of the channel sell at high of channel