UNRPP

UNRPP Mod

Last week gold completed its 4th wave expanded triangle which E wave forming a complex "abcde" as depicted in the picture. This is valid according to wave theory that E wave of triangle or Y wave of complex correction could extend into another set of "abcde" pattern, each leg containing 3 waves. Price move to new all time high confirms the completion of...

UNRPP Mod Updated 

After surpassing its previous ATH of 2011, gold has been in an uptrend. Normally in technical analysis, if price breaks out of its base, especially large base like we have seen in gold, there is a saying "the larger the base, the higher in space". But, how high? Price target with Fibonacci level Typically the target set by using fibonacci projection would...

UNRPP Mod Updated 

This AUD/USD pair could completed its correction already Wave (1) = diagonal Wave (2) = complex correction W-X-Y (expanded triangle) Wave 1-2 (expanded flat completed last night 26/6/2024) of 3 If this wave count is valid, possible short term target (days-weeks) are 1) 0.68 2) 0.694 Price should not go lower than 0.664 If it goes lower than 0.658 -> this...

UNRPP Mod Updated 

This look like inverse head and shoulder pattern which is already broken out to the upside Short term target is around 80 usd which give target around previous high at 2420 This is short term trade idea; See my detailed analysis on gold below in the related idea section :)

UNRPP Mod Updated 

In July 2023, this pair could possibly complete its diagonal pattern of 5 waves. Since then, it looks like this is a triangle pattern If you look closely, each leg of this triangle conform to a fibonacci level almost perfectly and last week could be a completed E wave of this triangle Upside target in 1 year time frame should be one of these red lines If...

UNRPP Mod

It looks like EUR/USD has completed its expanded flat correction at 50% fib level. If this wave count is valid. We could see a next leg up to 1.3 level in the coming months Right now it looks like this pair is about to continue its move up.

UNRPP Mod

After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count. Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle with E wave forming complex correction pattern If the price does not go under 2012 this could be a start of the next move up to 2200-2300 area

UNRPP Mod

Triangle pattern is almost complete and will be confirmed by price go above 590 For next target, price is consolidating above 1.618 fib of 2018 decline If NASDAQ:NVDA breakout of this consolidation, targeting the move to 2.618 fib.

UNRPP Mod Updated 

Now I think MSFT have completed wave E of elliott wave pattern, contracting triangle. Look at D-E equals to 0.618 length of C-D If this wave count is valid, soon NASDAQ:MSFT should breakout to the upside with price target around 250-160

UNRPP Mod

From elliott wave standpoint, the index should be in the 4th wave and about to move up to 4000-4200 before a correction. If we don't see a move up by the end of the month, the index could go down to 3700 before going up.

UNRPP Mod

Now in 1h-4h we have a triangle which is already broken out to the upside which could potentially go to the neckline of large inverse head and shoulder

UNRPP Mod

Now i think we already have an E wave around 1894 and the ratio looks about right If this is correct, i think we will see a move higher, at least to 2000 - 2020 for triangle wave 4 or we can go even higher to around 212x and become an expanded flat. Let's wait and see

UNRPP Mod Updated 

In log scale chart you can see that gold has came down and stopped at around 50% fib retracement And when we look at the elliott wave structure from 2070 Gold came down as 3 wave which I labeled WXY After that we had a month long triangle formation which send price down to 1848 Since triangle only occur in 4-b- and "x" wave i interpreted that the triangle...

UNRPP Mod Updated 

Here I think we have completed the correction wave WXY with Y composed of double zigzag Now if .22 holds, we should see a move up to .4x - .6x soon

UNRPP Mod

I think S&P500 has completed the correction 4th wave of a 3rd or (1) wave of 3rd (purple) wave When you zoom in you will see a complete structure WXY If 3200 holds, I think next target would be around 3800 to 4200

UNRPP Mod

After broken down from the triangle, price has moved violently down to 1882 and came back to retest the lower boundary of triangle Now i think if the price cannot close above 1920 we should see gold move even lower with price target around 1790-1800 or, in my opinion, even lower to around 1750 Now at 21.00 (Bangkok time) we just had a successful test of...

UNRPP Mod Updated 

Now look at the trend line connecting both price and momentum After we broke out of almost 2 years falling wedge, we should move up from now. Look from elliott wave point of view, this could be starting of wave 5, or better yet, even like this

UNRPP Mod Updated 

Now we are obviously in the 4th wave Not sure if the correction is over, either way, we should see come correction before moving higher with target of 600+ If the correction is not over, we will see a support around 280 and 230.