sharing_is_caring

sharing_is_caring Updated 

what are the odds that this is making same diagonal correction as on 4H as in previous chart...??

sharing_is_caring

in the correction we r nearing the end of the B wave and dropping down for C part of the correction and expectations are as per previous chart. ahead of fridays positive data expectations from black friday month, we will see if that data will be part of C wave or it will be turning point...

sharing_is_caring Updated 

ill try to explain here two way possibilities so bare with me... that white abcde diagonal is a perfect complete structure which i actually expected it but didnt made chart on it, it looks like from a school book. so... whats happening when one way structure finishes? the other way structure begins to form... so will this next structure be motive or corrective i...

sharing_is_caring Updated 

this is just a part of possibilities that can happen cose this structure doesnt look like its motive at all. so if gold proceed up it may came out as a red abc pattern and rush down to finish bigger time frame orange diagonal or as in 4H/Daily time the first abc correction (it have big similarity with it) so for better reassurance next moves need to be closely...

sharing_is_caring

from the other side we can clearly see 3-3-5 pattern which implies that overall this can be a motive with full correction. all tho it looks like running flat with that last wave coming in to 5 waves it have the possibility to drop further down for a expanded flat to that cypher pattern. so whether gonna go up corrective for triangles or as motive or even drop...

sharing_is_caring Updated 

we r standing on support and that last part looks corrective, so bounce is expected.

sharing_is_caring

look at the structure in the ellipse.... what do u see? if ur seeing nothing than u havent stared in charts enough look in weekly structure and see the similarity and think of where we r now at it.

sharing_is_caring Updated 

from the chart in the comments can be seen that weekly pattern is completed! now we are ending the last part of it. now in this chart taking in consideration last bigger correction from february till may cant be alone, and this instead of forming h&s formation looks like its deepening the correction and it might looks like this... that big blue rectangle is...

sharing_is_caring Updated 

aand if the price follows this prediction analysis and at given time of the unemployment news if we r in starting of last E part of this downside, it means we will have sharp downside and fast returning up with big wick cose of all the orders down there at the gap closing.... so as per all the structure this looks very probable outcome.

sharing_is_caring Updated 

at the bottom chart ull see following gbpusd since the top, and predicting the structures aint easy all tho most of the charts came up very true. so here im with reviewed technical about gbpusd, since this last structure looked very familiar if u scroll a bit back in 4H ull see same structure from lows. considering it will be a diagonal we have some further down...

sharing_is_caring

everything gets the meaning when is drawn. can u see that red B wave and look how complex corrections can become. on the next wave down that big diagonal is the third wave and now its making 4th wave. due to the shortness of the 2nd, 4th will be longer speaking of time. (from my observing 2nd and 4th are equal or inversely proportional) so the drawn form of 4th...

sharing_is_caring Updated 

heres the diagonal on daily, and that massive divergence with white line down in RSI can be clearly visible on weekly time frame. wave A is measured and presented in wave E possibly same length but the structure is different.

sharing_is_caring Updated 

this whole structure is last wave from big diagonal presented in chart in comments section, now what we see here is abc structure with a=c with contracted flat in the middle. wave c is copied from wave a which doesnt necessarily need to look like it... it depends of the news and data what deviation it will make. so im expecting some correction and another wave...

sharing_is_caring Updated 

looks like abc structure.

sharing_is_caring

it seems its all structure is a correction, nad now following last part looks like as presented diagonal on a chart. it doesnt necessarily needs to end like that but if its a similar pattern of a diagonal it means we r going up. and from where and where will this ends we will see along the way.

sharing_is_caring

as per last chart my expectations r that the correction will be more complex and long cose of that bigger drop that was before. First as downside opinion is that the up move what we r not seeing in this chart that was before this whats on this chart, is complete structure and can be counted as complete wave in bigger time frame and more down may be possible. But...

sharing_is_caring Updated 

we might have not seen the bottom of this correction yet. after yesterdays good usd data upper resistance bounced the price stongly to the down side, so is this gonna be the beginning of that bigger drop as per other charts or its just a last wave of a corrective diagonal for upside we will see. but for now check in comments for set up, and other way view.

sharing_is_caring Updated 

in previous analysis this correction was expected and now its revealing bit by bit and taking most common corrective pattern 3-5-3 prediction would be like this.