after successful breakout btc is could retest blue trend line if this happens than 38% retracement will also comes in the way. after retest of trendline we can expect bull rally upto 13880
if have closed your sell entry than where you should buy gold measure the thrust of triangle and buy at 1818 or right at 61 % projection near 1842 (lower timeframe basis of this trade plan )
Gold is in continues downtrend since start of this week. some profit taking, and retracement after $100 decline is natural Some who sold right at the top and monday market open has huge profitable trade
Market broke previous all time high and made new one. Election euphoria is coming next month with trade deal and corona virus vaccine.
After breaking ascending tend line breakout gold is reaching another suppport
GBP USD has found support at multiple support zone.
After huge profit taking appl found resistance at trend and 0.382 fib ratio
After Monday market sell off gold find support it 1881. We have multiple support to be broken before further decline
After monday sell off among many assets class including bitcoin. We expect correction which has made bearish flag pattern.
After big bearish trend this stock is making correction wave before making any significance move breakout above 1932/1951 will bring bullish sentiment back.
descending triangle one of classic chart pattern on 15 min time frame. Elliott wave chat pattern trading strategy. This type of chart pattern are often made in 2,4 or B corrective wave
Gold has made descending triangle chart pattern. Take sell entry with SL @1967 near Yellow descending trend line and TP @ 1863. breakout of yellow horizontal line will confirm bearish trend ie wave c of primary trend form all time high.
Gold is has been tested blue trend line multiple time. before it makes any significance moves it has horizontal levels to broke
Multiple chart pattern trading strategy. Elliott wave analysis : trading head and shoulder, parallel channel, trend line, fibonnaci, breakout.
Gold has broke out parallel channel .
After making new all time high gold has gone into correction face. The pattern made by correction wave are hard to identify until they are competed and about to end. We can expect an ending diagonal in c wave of abc correction of 4th wave. Since 2nd wave was simple abc correction hence complex is expected in 4th wave before making new all time high.
Stock is in clear bearish trend. Right now we are at the end of 4th correction wave followed by 5th wave. If we consider global economy than we have us election on 4th November 2020. The result of this election will decide tone of current geopolitics risks for next 5 years specially us china. Before 2025 china has its own agenda "the vision 2025" which is the...