If price keep this PRZ then maybe we can hit 1475 by this wedge pattern.
0.786 XA = 1433.92 1.618 BC = 1421.55 AB=CD = 1421.64 Triangle pattern target = 1418.64 Another strategy shows me that the target zone is between the 1412.92 and 1422.35 Then our target is between the 1418.64 and 1422.35.
It's most likely to go high. Because we are on the historical support line and have a bullish divergence too. Then maybe we have double bottom pattern but we should wait for its completing first and then you can get a Long position. You can also see my weekly analysis at here.
AAL has came to the historical support and it can go up in its parallel channel.
Gold won't fall anymore. Just wait for pullback and buy.
Elliot waves show me that wave b was completed and we are ready to go down with wave c.
I think that it's time to get a short position here. Because of wave C and trend line breakout! then Let's do this :D
We have a good wedge pattern. Then we can short it and go for 1.27 Fib target.
This is my daily analysis. My time target shows that tomorrow we can expectation a reversal to continue the downtrend. My primary analysis was in one week.
There was a lot of eagerness to buy! But it can go down with this pattern.
After that breakout price came on the MA 200 and 0/382 Fib. we are under the BB too. Then it can pullback to the new trend line and we can short there to the 0.618 Fib.
Wave B was completed in 19 Sep and now we are in wave C :D 139.44 was a good price for entry as a short.
It broke trend line today and it can fall more. Then let's get a short position!
Now we are in wave 5 of cycle and primary Elliott wave !
Let's go down :) | - MA Dead cross || - Triangle pattern ||| - Evening star pattern
This is a strong resistant zone and wave b was completed. I think that we can get a short position here.