Xyz3dtrading
GOLD.wave (B)(Cyan) maybe done.( No more triangle) 8/9/21GOLD intraday structure seem forming an expanding ending diagonal in wave c (Green Circled).. AND Meant possible, we are just at the " half portion" of sub- wave 1 (yellow) of impulsive wave (C)(Cyan/light blue).... Stop Lost for long at 1779. Target Profit at around 1860 on long term down trend line (red dotted).
GOLD Long Term Uptrend Pullback maybe done above 1676.69. 7/9/21I have answered my own 4 questions "why" Gold may surge up to around 2100 first before moving down toward around 1570 :-
1) The Yellow Highlight Area still Look "impulsive" within "Ranging Market" as shown on a flat / no slope / none trendy daily 233 EMA.. So it's possible we're in wave B ( Red Circled) of a expanding flat pattern ABC (Red Circled)
2)Price re- bounce strongly with Pin Bar on Month of August 2021 at above Major Demand Zone & Support Line at around 1670
3) Weekly Gold Price Couldn't reach weekly 233 EMA line on its Pull Back as usual on most occasion BUT 'MAYBE" Sooner or later it will reach weekly 233 EMA at around 1570 on wave C (Red Circled) of Expanding Flat Pattern
AND Finally
4) My Cycle Analysis (which couldn't shown with tradingview tools) shown Gold's cycle is moving up until early 2022
GOLD possible breaking 1835 & reach around 1868. 3/9/21GOLD price seem still staggering above 1800 .AND Cycle/Time is due... PLUS price seem forming a bullish triangle in lower time frame . LONG GOLD at around 1808 at wave e of lower time frame.. STOP LOST for Long at 1801, Target Profit around 1868 where are : 1) Long Term Down Trend Line (Red Dotted) 2) Next Major Supply Zone..... Instead of forming running flat pattern, GOLD possible forming ABC (yellow) expanding flat pattern where price will take some retailer stop lost level at 1835 and eventually price could reach at around 1868..
GBPJPY probably last leg up toward wave 5 (yellow) 2/9/21GBPJPY monthly/correction most likely will be completed at around 160 after completing its flat correction pattern with wave 5 (yellow)..Also Price level of 160 would be a confluence area of 1) Major Supply zone 2) Monthly Down Trend line .. Stop Lost for the long is 149.184
TOPGLOV most likely last leg down to around 3.40.. 30/8/21Congratulation for those still holding TOPGLOV stock!!... TOPGLOV as 1 of the 30 "Blue Chips" stocks comprising KLCI index which has turned into Bullish Sentiment. What could be the next move of TOPGLOV , HARTA AND KOSSAN ?...All 3's which making the "major contribution" to KLCI index.. Checking from TOPGOV's intraday price structure.. TOPGLOV most likely on its final leg down to complete its triple zig zag ( WXYXZ) (red circled) AND Wedge pattern where Bullish sentiment will be "on" at around RM3.400 at 1) Major Weekly Demand Zone 2)Weekly 233 EMA lines..
AT price may done wave B (Red Circled) 29/8/21AT price may found buyers at demand zone with double bottom pattern on lower time frame chart at around 0.050.
GOLD need to be capped below 1835 for resuming downtrend 28/8/21GOLD Price have broken 1810. Next Major Resistance will be 1835. For The validation of running flat pattern ABC (yellow) Price of Gold need to be capped below 1835, Short Gold as previous idea at around 1825, where there are 1)strong Resistance 2) Supply zone and 3)down trend line (red dotted line). Stop Lost at 1835.. Target Profit 1 at 1600
Well,well!. SPX have broken 4484 in all the high again! 25/8/21SPX price have broken 4484 price level which is previous idea of the max price length of wave 5 (yellow). By checking the structures price .. wave 3 (yellow) might be at 10 May 2021 instead of 16 Feb 2021.. Question now is how Far wave 5 (yellow) or The Leading Diagonal wave (A) (cyan/light blue) will hit its terminal?! Maybe at around 4550 High Level on the date of August 27, 2021 .The Level when Jackson Prepare "Jumping into" "The Hole"?!