waleedkhan

waleedkhan

XAUUSD (Gold) S/R levels analysis for the short to medium term.

waleedkhan

USDCAD Support & resistance analysis till the year end.

waleedkhan

*Please click and view the updated chart in the comments section* For these 2 counts to remain applicable Price must not break the red or the black lines illustrated... Target for 5th wave to be hit on support lines in the range between1242-1270. Fib Ext levels 1252 and 1242.

waleedkhan

USD index Possible correction of 5th wave... All other currency pairs and precious metals should be traded with consideration to this... Usd index is inversely related to Gold and other precious metals; hence they "generally" move in opposing directions. USD index has been very bullish past few weeks; and according to elliott waves it is due for a...

waleedkhan

Possible Bullish Divergence in Gold, which should end the corrective wave and start the new impulse wave.

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Abcde triangle pattern before a bullish run to 1333-35 zone...

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After my last corrective count was invalidated; it now seems that a bullish impulse wave is in process. We are right now at the start of the 3rd impulse wave which should take price to 1340-60 region. Note: 1293-95 must hold for this count to remain valid.

waleedkhan

Possible Head & Shoulder pattern on Gold.

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Shooting star reversal candle setup High probability setup. Massive divergence and overbought on the oscillators.

waleedkhan

Possible support area for the S&P & other markets... Market has been moving in fractals and often flirts with the 100 sma before it pulls up again... Right now we have the morning star pattern in play; which could possibly lead in a rebound.

waleedkhan

My previous Ew Count is still in tact as long as we don't get a close above 1312...& if this is true then the next leg is very bearish (target c). However it is always good to do an alternate count... and according to that it is possible that a new impulse wave structure has started; right now we are in a symmetrical triangle (which could be either the first or...

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Gold possible Bearish Bat...

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A possible hidden bearish divergence on gold. It is also close to a resistance area

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This is a critical support area for crude oil; if price holds then we could move sideways for a couple of days... However if we do get a close above the upper trend line then perhaps it is reasonable to assume that the bearish view is over. If the price breaks below the support area then; there will be more down side... It is still to early to know what will...

waleedkhan

On the daily cart USDJPY is near key resistance areas, the the 5th wave seems to have completed at the start of this year and ever since the pair has been in a sideways consolidation... I expect the pair to correct to atleast the end of wave 4...Even though in terms of its longer outlook, the pair has only retraced 61.8% from its historic highs; which indicates...

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In the last chart; i assumed that the 5th wave of the first major cycle was complete... but recent wave action is indicating an extension of the 5th wave;which right now is facing a resistance area... if this resistance holds; one can expect a retracement to the 61.8 level.

waleedkhan

To me this seems like a possible 2nd corrective zig zag wave; where B was a perfect 61.8 retracement which set up for a zigzag AB=CD pattern, but on friday price reversed on C point; which disallowed the zig zag to complete. Whenever a zig zag target misses; there is always a possibility of a double zigzag to be formed hence I am drawing this chart...

waleedkhan

*Typo alert* Rsi overbought not oversold I think Usdcad has the potential to go alot higher in the long term 1.10 to as far as 1.21. The start of this elliot wave impulse wave in the beginning of July marked the bottom for me as there is quite a cluster of fibonacci ratios in that area dating as far back as 2012. I think this is a brilliant opportunity to ride...