Currently I supposed that the wave B is completed, and we have an opportunity to place a short position to catch Wave C in the High TF correction wave.
Currently, the price jump into the OB zone, and it also fibs of 50% it has an opportunity to place short position with a good risk reward to catch the complex correction wave Y
Last time I mark out 2 scenarios of the key POI, and now the market goes to bearish We are running in the sub-wave c, wave 2 According to the Elliott Wave Principle, the market consists of cycles consisting of impulses and corrections. We trade in impluses, we prepare for the next trade in corrections. So its time to prepare next short trade on XAUUSD, will you join us?
Currently at this scenario, I supposed that the gold is completed the sub-wave 4 and toward the sub-wave 5, another scenario is breaks the downtrend structure. at this moment, we keep our eyes
well...We hold positions around 17 days and made 1450 pips! at the last post, I've predicted the price was going to break the 2048 liquidity level, and now it break! and we're in the raising channel and the highest point we marked out as sub-wave 3 we wait for the sub-wave 4 is formed, then catch the final sub-wave 5, and the main wave 5 will be around 2200 level
Currently, the gold is going to have a ABC correction at the higher timeframe and it goes to my 2nd scenario at last week what I mentioned. For 1H timeframe, we can see the bullish trend is not the end yet. I'll look up to the 2048 level first
Last time we catch the sub-wave a around 800 pips and predict the sub-wave b reverse perfectly at the breaker zone and now we are about to catch the sub-wave c successfully again this scenario is what I look another scenario is the sub-wave a is sub-wave 2, and touch the OB zone, then reverse, start the sub-wave 3 so we need to take a plan always every day, good luck
I supposed that we are in the countertrend pattern, which is wave B with big degree and the current move can be sub-wave c and it can be devided into 5-waves OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart. the...
We're within the correct pattern of ABC, when the impluse is completed, we usually catch the wave 3, because it's the biggest trend from the elliott wave theory, if you guys don't catch it at the top, then we can wait for breakout the red line.
Gold is currently in the WAVE C, I supposed that the sub-wave 3 is formed, we need to look the sub-wave 4, then sell at sub-wave 5 to completed the WAVE C. the market is always changed, sometimes, I look the overall trend is bearish, but hold correction positions will become bullish, that's how elliott wave dynamically apply in the live trading. Sit and Wait is...
We're supposed to at the final sub-wave 5! Let's catch it.
Gold is still bearish, and we're in the wave 5 sub-wave 2 correction move. We focus on the sell opportunity after correction is completely done, then catch the final sub-wave 3 Trading is almost wait and see, enjoy
Gold is on the Wave C of sub-wave 5, in the daily chart, there is a liquidity here, it will be sweep soon, the target will be around 1790 to 1760, but market is varied, so we need to plan the trade every day, from the previous idea, we've sold gold around 1940, I don't see any buying signal appear, so keep your eyes to catch this BIG trend around 1000 pips
The wave 3 is generally expected to be fibs of 1.618. Gold paused at the 1873 level, we catched it around 800 pips, so we may observe a correction move to the fib 38.2 or 50 level, also we can see the imbalance or order block, the correction will create a sales opportunity again! This catch shooting will let you retire, hope you guys retire from this shoot.
Market is still bearish and a little boring, now the GOLD may formed a falling wedge at BIG Timeframe, it may takes a few month to completed the chart pattern and go long. and now we're in the final wave 5
The wave 4 is almost near wave 4's invalidation It's a chance to short with very small risk to get the wave 5's profit
Downjones is in the uptrend channel and just touch the bearish OB to form the wave 4, Now if breaks the red line, it's the confirmation to toward to the wave 5
GBPUSD has a potential leading diagonal of wave A. This fact alone will put you above 50% of traders.