Two resistances + overbought in the weekly cycle . Tradingcycles.net
Bullish triangle at the end of the 4th wave. See related idea
Following the strategy I share with the subscriber to the newsletter at tradingcycles.net, I open a long position here.
Gold approaches the level shown in the related idea.. An head & shoulder is in place as well
Trendline 2 supports Maybe low volume, maybe bullish inverse divergence. Keep an eye.
Trendline + low volume. Possible bullish divergence on the next trendline.
As I wrote yesterday (see related idea) we are around the end of the weekly cycle and, now, with the movements of today, it's about to complete a head and shoulder. Double probability. I placed a buy order at 0,7515
Higher high = bullish trend -> buy the dips . Next levels: Top of the previous channel + Moving average Trendline Previous resistances (high probability).
Following the standard movement of a cycle ( explanation here ) we are on the second top (also known as 5th wave for Elliot). Looking for buy entry since the bigger trend is bullish (higher highs and lows) Michele, Tradingcycles.net
Same as Usd/Jpy (related), trying to buy the dip. Support + cyclical moving average 139.00