herdelphiniums

herdelphiniums Updated 

DXY has completed its correction, and we have wave 1=5 for now. H4 clocking a reversal candle right here, and price seem to stopped falling too just shy of 0.382 on my weekly wave 3 count. This looks like a gigantic bull flag in the making, we should bounce soon.

herdelphiniums Updated 

Since wave 2 was sideways and quite shallow; it is very possible to have a steeper wave 4. SL 112, we should see one more wave for this targeting 1=5 @ 115.18

herdelphiniums Updated 

I think we have one more wave 5 to go before we complete this drop! If wave 1=5, we should hit 1198 before FOMC. Details on chart. GL.

herdelphiniums

As long as we cannot break below 112.9, we should have the missing wave 5 coming up next. If wave 1=5, we hit top of descending TL on a longer TF. Details on chart! GL.

herdelphiniums

Since price cannot cross 1225, and we have a bearish flag forming inside this channel, we should have one more bear leg for gold before the bears are done! Details on chart! Short with SL abv 1226. GL!

herdelphiniums Updated 

And we hit 2 inverse fib bottom. We could bounce here

herdelphiniums Updated 

If we break this channel, more downside for UJ. Details on chart! GL.

herdelphiniums Updated 

Channel broken. Down we go.

herdelphiniums Updated 

Details on chart once we break this TL. GL!

herdelphiniums Updated 

We could have bottomed here, with that fake breakout. As long as 1240 not taken out, we should be flying.

herdelphiniums Updated 

Details on chart. GL!

herdelphiniums Updated 

details and target on chart. GL!

herdelphiniums Updated 

Black channel line has been broken, down we go. Details on chart. GL.

herdelphiniums Updated 

If this black channel holds, we should be going up from here. Details on chart. GL.

herdelphiniums

Price paused at 0.5 retracement of the previous down move. As long as 111.8 is not taken out, UJ has more room to the downside. Details on chart. GL!

herdelphiniums Updated 

Let us rewind back to look at last year's PA, I found a very similar price action to the one we just completed year to date. In fact, almost identical. From the even longer term chart, we ended a 7 year bear cycle since we peaked in 2011 and clocked lows at the 1050 region in Dec 2015. I believe we are still in a corrective wave stage in gold on the bigger scale,...

herdelphiniums Updated 

We should be due for a retracement targeting .618 levels @1280/81 before the big wave 3 drop . GL!

herdelphiniums Updated 

Details on chart SL below 108.8 GL.