And after will go fifth wave in global Elliott wave. Sitting on the high, this market is still poised to go higher. There are two extensions to be aware of: No one knows how they will affect this market, or the alts, we have no choice but to wait and see. The price is going to bounce from the support level.
RSI confirms price reversal. MACD histogram supports upward movement. DMI allows opening long trades. Pending orders should be placed at 0. Profit targets are 0. Cypher Pattern Risk Ratio: We have nice bullish flag at previous analysis, right now bullish flag already broke up, we have new target at USD updates will be available in the comments section below.
Mates, a cypher formation just completed. Nice chance to get long. Have a good day. Hi traders - to make it easier for you all, once we great a breakout of the current trading range I'll confirm the targets. For the ones who don't really understand trading ranges - please go over my previous ideas as I discuss them in a little more depth.
Like this idea to get updated and thanks for the support! The original chart contained a donation address in violation of house rules and the chart is now invisible to the public. I will post updated screenshots below. The blue and yellow lines have held up amazingly well over the course of the year. Hi fellows, If you were there in my weekly market outlook then you understand that we were looking for the XAUUSD to complete the bearish wave in the possible triangle pattern formation.
We have completed the bearish wave. Now we are looking for buy from Bottom. Price is hitting hard the bottom watch price action for buy. For further details please look at the To make the breakout and reach such an ambitious target price must occur: These patterns have one of the Price recently broke a strong horizontal resistance level, before retesting the previous resistance as a new support line.
The test was successful, and price is now moving nicely to the highs. Price is currently under a minor structural resistance at Price needs to break this resistance before we Stop loss at 0. Take profit at 0. Reason for the trading strategy technically: Price is testing channel resistance and major resistance at 0. Price is currently completing the C to D leg, one to watch going into next week.
The measurements for a valid gartley pattern are detailed below. Price broke resistance, possible it can continue highere. Nikkei The Nikkei Index. Dollar Index The U. Natural Gas Natural Gas Futures. Euro Bund Euro Bund.
Chart speaks for itself. I will update here! From the creators of MultiCharts. Select market data provided by ICE Data services.More...