marketpainterPH

marketpainterPH

Gold sharply rose from 1804 to as high as 1914 mitigating the larger Weekly Order Block. There might be though an opportunity to sell if price misbehaves on the range 1919-1927 and a potential 4:1 RRR with a risk invalidation above 1959 targeting 1765 which was the extreme of the previous Wave (B) of last Impulsive Wave A. Disclaimer: Elliott Wave Analysis is...

marketpainterPH

XAUUSD performed nicely since November and the whole month ended perfectly nearing 1800 level which is the current price is trading. But a short opportunity is near ahead and upside now becomes limited and will be due for a correction. We'll continue what the actual market data will reveal next week. For now, let me share you this set...

marketpainterPH

Dollar index on a weekly seemed to have been channelling a downtrend and index had been quite rejecting the upper channel. An impulsive move on lower timeframes could validate that perhaps DXY will be on its corrective wave C to new lows on the next several years.

marketpainterPH

Gold may yet to complete the last leg which is wave Y of Wave (Y) of Wave ⓨ of the major corrective Wave 4. @marketpainterph #XAUUSD #gold #elliottwaveforecast

marketpainterPH Updated 

After rising to complete a 3-wave corrective structure, the pair may face a known supply area and when validated, will be heading for a new lower low to complete the 1st impulsive wave A.

marketpainterPH

This pair may resume its uptrend when this potential ending diagonal ends with a Risk to Reward Ratio of 1:7 (risk abt. 100 pips and reward of abt. 799 pips). #elliottwaveforecast @marketpainterPH

marketpainterPH

Intraday waves for possible structures on a 15-min timeframe and price may possibly revisit/retest 1835 prior proceeding to complete the corrective wave (x) up to 0.618/0.5 on levels 1885-1892. #elliottwaveforecast @marketpainterPH

marketpainterPH

On the last Corrective wave W for #Gold, price has also tracked almost the same structure on its current Corrective wave Y which is still in a progress on its subwave (x) to either complete at 0.618/0.5. General perspective #XAUUSD on a weekly timeframe may be on a flat correction before it would resume its main uptrend. #elliottwaveforecast @marketpainterPH

marketpainterPH

#BTC undergone a complex corrective structure for the current wave 4 and is anticipated to be completed at 1.236 fib extension of the subwaves ii and iii of the final subwave v of the last leg wave (z) of the general corrective wave 4 which is at 24,592$. Trade idea generally preferred is to set buy limit on these areas and ride for the next impulsive wave 5 in...

marketpainterPH

Timeframe: Weekly Price may find bottom to complete the bearish impulsive wave a at 0.236 fibonacci retracement of the previous general motive phase wave 1. When this level holds and this analysis be validated, price may then resume its corrective bounce for wave b. #elliotwaveforecast @marketpainterPH Visually presenting the basic general representation of...

marketpainterPH Updated 

In this weekly timeframe Elliot wave analysis, we created a channel for the corrective phase of Tesla where price had already began its minor impulsive wave c drop after got rejected at the zoned area of supply. We then can execute a short when 973.10 will be broken down and target at 639-643, the 0.5 fibonacci retracement of the entire motive phase wave 1. Our...

marketpainterPH Updated 

The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum. A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis. #elliotwaveforecast @marketpainterPH

marketpainterPH Updated 

Gold has almost completed a minor wave v of the the corrective wave C of the larger main corrective wave 2. With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930. #elliotwaveforecast @marketpainterPH

marketpainterPH

Relative to our shared long trade idea in an hourly timeframe, a bigger Daily Timeframe Elliot wave Analysis looks like been cooking for its next big move which will be the impulsive wave (iii) and its gonna be a hell of a ride when this analysis will be validated. Entry recommendation will only executed when the descending channel will be tested and broken to...

marketpainterPH

Price may yet to complete the last corrective wave c of the minor corrective wave (ii) and when validated may then resume its bull run of the impulsive wave (iii). Looks like #Elon is prepared for this *unlocking* potential idea for this bird. #elliotwaveforecast @marketpainterPH

marketpainterPH

Gold may drop to the level 1850(0.236 fib retracement) to complete the corrective wave c of the minor corrective wave (ii) and when validated, price may then resume its bullish continuation for its impulsive wave (iii). #elliotwaveforecast @marketpainterPH

marketpainterPH

This pair is still in progress of completing the corrective wave (c) of the minor corrective wave B at 1.236 fib extension on price level 165.279 up to 165.878 which is the 1.382 extension. When validated, the pair may then resume its downtrend to the anticipated impulsive wave C with a potential high reward of over than 500 pips (159.634 or...

marketpainterPH Updated 

The pair may experience to complete the minor wave 5 of the corrective wave (b) up to 1.236-1.382 fib extension of the micro wave 3. When validated, the pair may then drop to resume the corrective wave (c). #elliotwaveforecast @marketpainterPH