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Zigzag

🥇GOLD - Correction before further decline Gold bounces off the local support at 1915 and the price returns to retest the key resistance. Price is in a range and we are now interested in flat resistance. TA on the high timeframe: 1) Pin bar resistance 1934. 2) Price does not reach one of the key resistances 1949 for a few pips, indicating strong pressure from the resistance 3) At the same time, active sell-offs are forming and a pin-bar is forming on the chart TA on the low timeframe: 1) Price is forming a rebound and heading towards 1928.5 2) The resistance area may be tested soon before further decline 3) The market is bearish now and we should look for strong resistance levels for further selling Key resistance📈: 1928.5, 1934.8 Key support📉: 1922. 1915. 1908
OANDA:XAUUSDShort
by AndeWave
13
GOLD → Friday is trading inside a range OANDA:XAUUSD is recovering after strong sell-offs and a false break of the 1915 sideways range support. Within the flat we expected this movement, but in the medium term gold has a negative fundamental background On Friday, gold will continue to stay inside this range, consolidation will continue. The price may test one of the nearest resistances before falling to 1922 and 1915. At the same time, TVC:DXY is overcoming the strong resistance at 105.00, which I wrote about earlier. A dollar fixing above this boundary will open the way to 107.5, which will be a good reason for gold to weaken to 1915 and even 1900. On the senior timeframe, where we can determine the medium and long term, the chart shows us targets such as 1850 and 1800, but by then there will be a lot of fundamental news that can change a lot of things. From a local analysis point of view, I expect a fall to 1922, 1915 and even 1900, but not in one day. Resistance levels: 1928.5, 1930.7, 1935. Support levels: 1922, 1915 I expect that today the market will sell out again what it bought in the second half of Thursday and the first half of Friday. And, we will see the price close near the 1915 support, which will give a signal for next week OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY COMEX:SI1! Regards R. linda!
OANDA:XAUUSDShort
by RLinda
22
AAVEUSDT → Breakout of descending triangle resistance BINANCE:AAVEUSDT is forming a breakout of the descending triangle resistance. Buyers are confidently holding the bottom, keeping the price below 55.00, but at the same time testing a trend change attempt AAVE follows BINANCE:BTCUSD . A momentum and a small pullback is forming. This is partly a bad thing. Until bitcoin gets momentum and a breakout of local resistance, the pegged coin will also stand still. If the market doesn't acquire a buyer while the coin consolidates above the broken resistance, the flat formation will continue. Bitcoin is strengthening as it receives fundamentally positive data, mostly related to ETFs. From a technical analysis perspective, AAVE has good upside potential. A prolonged consolidation for 15 months is forming and the price moving beyond resistance is signaling possible upside. The price is testing the MA-200, if the moving average is broken, there will be a chance for growth to 91.3 Support levels: previously broken resistance, MA50, 55.2. Resistance levels: MA-200, 69.56. I expect consolidation above the previously broken trend line with subsequent retest and breakout through MA-200. Regards R. Linda!
Long
by RLinda
16
Bitcoin - 202% profit, next target 79959 USD! Bitcoin is absolutely ready for a massive uptrend to my profit target of 79959 USD! In this analysis, I will tell you why Bitcoin is bullish. First of all, we need to take a look at the weekly candles. The last weekly candle is a bullish engulfing candle. It means that the body of the candle engulfed the previous candle. Strong reversal signal, especially on the weekly chart! From the Elliott Wave perspective, we have completed the major wave (2) with a WXYXZ corrective pattern (triple three). Bitcoin is starting a new impulse wave (3)! Usually waves 3 are the strongest waves, and in this case, I expect the target to be at the 1.618 FIB extension of wave (1) => wave (2). The next bullish signal is the 200-week exponential moving average (EMA). As we can see, the price is holding this key dynamic support, and the bulls successfully defended it! This EMA is considered to have strong support or resistance by huge institutions and hedge funds. Now for a pretty important question: what are the resistances on the way up to 80k? It's definitely the 0.618 FIB + POC of the previous market structure, which is at 38984. Then 48234 as a previous swing high, and of course the previous all-time high at 69000. You can use these levels for a potential quick short trade on the futures market with leverage! The downtrend basically ended in January 2023 after breaking the major blue trendline. We also had a retest of this trendline in March 2023. The price in March was around 25k and now in September, the price is around 26k after 6 months of sideways price action. This is a great opportunity to buy/long Bitcoin, so you don't need to wait 6 months for boring price action! What do you think, guys? Are you ready for a massive bull market? Let me know in the comment section down below! I must know your opinion. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
242
GOLD → The market is waiting for the FOMC. What to expect? OANDA:XAUUSD is reducing volatility amid expectations of FOMC data release. Earlier we saw an attempt to break the strong trend resistance, but now there are nuances appearing The Federal Reserve is not going to raise or lower rates (at the level of rumors). In any case, this is positive-neutral news for the dollar. That is, if the situation does not change, the negative background for the gold market will be confirmed, and an attempt to break the trend resistance will be a trap on the part of the market maker. A false breakout will increase the liquidity volume and may form a strong red impulse. At the moment the level of 1928 separates us from the fall. And in general, the resistance of 1938.9 is important for the market - the level has not been tested yet, and it may happen at the moment of reporting publication due to the increased volatility. But, if TVC:DXY happens to get a weak (negative) fundamental background, gold may confirm the breakout of trend resistance and head towards 1950. Price is trading inside the moving averages range, the market is giving us a false breakout of MA-50 Resistance levels: 1932, 1935, 1939 Support levels: 1928, 1922 The medium-term outlook for XAU depends partly on today's FOMC press release, which comes out at 18:00 GMT. Strong data for $ will negatively impact XAU pricing and vice versa Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
30
🥇GOLD - False breakdown forms a double top Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again. TA on the high timeframe: 1) The market is still continuing to form a bearish trend 2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment. TA on the low timeframe: 1) Consolidation under resistance is forming. The market is preparing to fall 2) Within the flat we have the following targets: 1916.7 and 1907.6, which can be reached in the near future 3) Ahead is the local support at 1922 which may push the price away. At this point, the market may retest the resistance 4) We care about the dollar's reaction to the news. If the dollar starts to rise and overcomes the resistance, gold will head towards 1900. Key resistance📈: 1928.5 Key support📉: 1922, 1916 and 1907
OANDA:XAUUSDShort
by AndeWave
15
GOLD → The certainty of a strong market or the trap of MM?OANDA:XAUUSD is strengthening at the end of the week and closed above Monday's open. BUT! The dollar is also strengthening and on the chart we see several key elements forming and an important zone that can give us strong signals. In the coming week, the following news is worth paying attention to: 09.19 CPI (YoY) EUR 09.20 CPI (YoY) USD FOMC FED 09.21 Initial Jobless Claims FED 09.22 S&P Global Services PMI It is worth paying attention to the W1 dollar chart and the XAU 1D. A bearish wedge is forming on the chart, but a large candle was formed on Friday, within which gold has little chance of breaking through this area yes and in tandem with a rising dollar. There is a high chance of a correction beginning as we see a false break of a strong resistance zone on the hourly timeframe. The price is forming a fljt 1928 - 1903. The upper boundary is being tested and at the same time price is forming a false breakdown of a key liquidity and resistance area and most likely we may see a correction to 1916 or even 1903 on Monday. BUT! If the dollar, which is giving a strong signal to break resistance, fails to go up and starts a correction, then gold may well be able to break the above upper zone and start rising towards 1950, as the price is now looking more correct than expected on the back of TVC:DXY strengthening. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
20
Bitcoin - Pump to 31k soon! (Diamond pattern) Bitcoin crashed to 25k recently, but a huge pump followed immediately after a false breakout of the head and shoulders pattern. Bitcoin was heading down to continue in the downtrend to 21k, but a huge buyer suddenly appeared and sent bitcoin to the upside. Is this a strong reversal pattern? I think so! It looks like Bitcoin is refusing to go lower, which is great news and that's why we need to react to the recent price action and open a long position on futures or buy Bitcoin! It's always extremely important to do an analysis with the Elliott Wave theory to predict future prices. In Bitcoin's case, we have a triple three (WXYXZ) corrective pattern, which you can see on the chart. It's a sign of strength, and this should send Bitcoin to 31K later this year! The diamond pattern looks really interesting; as you can see, the right shoulder and left shoulder are made of parallel channels. The right shoulder is not formed yet, but we will get there. I have to be bullish on Bitcoin as the bulls stepped in, and to make more money, we want to speculate on the price increase until January. I believe October, November, and December will be extremely bullish for the price of Bitcoin! Is this the bottom of Bitcoin? And will Bitcoin continue to rise to 40k and therefore to a new all-time high? This question will be revealed in my next analysis, so make sure you subscribe / follow! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
217
EURUSD → The market is forming limit resistanceFX:EURUSD is testing the resistance of the current trend channel, but cannot break this area. While the TVC:DXY is correcting, the currency pair is forming consolidation The dollar index is declining after the retest of 105.00, most likely the area of 104.00 will give a new impulse, therefore, the forex market will give a corresponding reaction. If the dollar strengthens, the euro will weaken. At the moment we see a retest of trend resistance, the market is forming a limit resistance area at 1.0765 and pushing the price away. The bears are showing their strength at the moment. An important support before the momentum formation is 1.0705, if this line is broken, the market may give a strong impulse. Resistance levels: 1.0765, upper boundary of the channel Support levels: 1.0705 I expect the currency pair to continue to decline, but if the dollar index breaks 104 and heads towards 103, eurusd may try to break the resistance. Regards R. Linda!
Short
by RLinda
11
GBPUSD → Countertrend correction before the fallFX:GBPUSD is forming a local reversal setup, while the dollar, from the opening of the session, is starting to form a correction On the chart below, I pointed out the "double bottom" pattern, which has overcome the base of the pattern. The important level for us is 1.2511. If the bulls hold this area, the price may strengthen to 1.26065. The dollar index has been forming a decline and correction since the opening of the session, which appropriately affects the GBP. But again, we see only local movements, it is not worth talking about a global change of trend now, as everything remains the same. The dollar index has a strong bullish trend, while GBPUSD is changing from an uptrend to a downtrend. The price may soon test MA-50, then MA-200, which may form a false breakout of resistance. Support levels: 1.24868, 1.23725 Resistance levels: 1.26065 I expect a correction to the nearest resistance before a further fall. Regards R. Linda!
Short
by RLinda
6
GOLD → The trend formation continues. Support retest OANDA:XAUUSD failed to break the resistance of the local descending channel on H1 as the price is trapped inside the global bearish trend on D1. The TVC:DXY correction is failing to yield much as gold is also weakening On yesterday's decline the market is forming a local support level at 1908.4. From the opening of the new session we see a retest of this area without any strong counter-trend pullback. It is clear that the bears are strong at the moment, as evidenced by the futures volumes. The market is in a downtrend, earlier there was a retest of 1916.7, the next target may be the support area (liquidity area) 1903, but from this area, as 1903 is a strong enough support area, a rebound may follow and form a flat or consolidation before a further maneuver. Within the flat, the price may reach resistance. Support levels: 1908. 1903 Resistance levels: 1916, trend line I expect a retest of 1908 with a subsequent breakout and testing of 1903. From 1903 a rebound to local resistance is possible before further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
Correction in Banknifty. Zig Zag, flat, triangle, Elliott Wave Analysis:- A wave seems to be a Zig-Zag A wave . B wave to be a connecting wave . C wave to be extended wave of Zig-Zag C wave If it didn't break 46369, if broken the 46369 then the flat takes place and zig zag leave the place. . View 1:- Regular flat If it did not break B wave and breaks the low of A wave then the flat is regular flat and it may be considered as a C wave of previous zig zag wave .. View 2:- Triangle pattern Either the B wave high has crossed or not it the C wave didn't break the low of A wave and it consolidates between A and B wave's .This would lead to Triangle pattern . I'm not a SEBI registered advisor. Kindly before taking a trade do your research/ consult your financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance. CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets Support levels: 0.0956, 0.0826 Resistance levels: 0.1092 As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth Regards R. Linda!
Long
by RLinda
15
GOLD → Resistance retest in correction phaseOANDA:XAUUSD is strengthening on Monday and is testing flat resistance with a false breakdown. Consolidation below 1928 is forming. The growth of gold is based on the fall of the dollar index before reaching a strong resistance On the chart, we see a flat formation after breaking the ascending channel support. Yesterday I pointed out that the TVC:DXY is in a strong bullish trend, but since the price is near strong resistance, a bounce down may follow before further gains, which is what we are actually seeing. As far as XAU is concerned, I am waiting for a fall after a false breakdown of resistance. Before the fall we are held back by the level of 1926. The target in this case will be the support at 1916 BUT, if the dollar continues to fall, gold will break 1928, and will reach 1939, also the price can test MA-200. On the global timeframe the preconditions for further fall are developing. Support levels: 1926, 1916 Resistance levels: 1928 I expect gold to decline in priority, but it should be understood that the scenario may break down based on external factors. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GBPCAD → £ is weakening. Currency pair breaks support FX:GBPCAD breaks trend support and breaks flat support on the background of weakening pound sterling. A retest of the strong support area is formed. The main currency of the UK is also declining to a 3-month low The price breaks the support of the ascending price channel and forms an impulse. The market is forming an attempt to change the trend. In the near future the price may form a trend correction to the nearest resistance levels before further falling. The backdrop of the strengthening dollar is strongly affecting the entire forex market. DXY continues to update global highs, which provokes the weakening of world currencies. The level of 1.70345 and 1.7060 plays an important role for us. A retest of these areas could send the price far down. The moving averages are changing direction. Support levels: 1.70345 Resistance levels: 1.7087 I expect the fall to continue after a slight consolidation under the uptrend support. Regards R. Linda!
Short
by RLinda
12
🥇GOLD - U-turn. A retest of the support could break it Gold makes an unsuccessful attempt to break the resistance of the bearish channel. it is at the moment of the retest that the dollar starts to strengthen, which makes gold fall after the retest of the resistance. The FED is still sticking to continue to be hawkish on the dollar, which can have a bad effect on gold TA on the high timeframe: 1) DXY breaks resistance and tests the 105 area. Possible correction before further rise 2) Gold retests and forms a candle that suggests a quick sell-off of the upside, which will negatively affect gold pricing on Monday and Tuesday TA on the low timeframe: 1) The chart is showing weak buying power 2) A retest of support at 1914 is forming, a breakout could result in strong momentum to 1887 or 1860 Key support📉: 1914 Key resistance📈: 1927, 1942
OANDA:XAUUSDShort
by AndeWave
10
GOLD → False breakdown and retest give mid-term targetsOANDA:XAUUSD is forming a signal that gives us insight into further medium-term potential. The market is trading within a descending price channel. Strong TVC:DXY continues to put pressure on the XAU price There is quite a lot of news published in the coming week. It is worth paying your attention to the following: 13.09: Core CPI CPI (MoM) & (YoY) 14.09: Core Retail Sales Initial Jobless Claims PPI On the global timeframe we see a broad sideways flat formation. At the moment there is a potential for a decline towards 1800 in the medium term, and even towards 1700 or 1600 in the long term - standard trading strategies determine the trading potential within the flat. On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market. Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat CAPITALCOM:GOLD VELOCITY:GOLD CAPITALCOM:DXY FOREXCOM:XAUUSD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
16
Bitcoin - Secret patterns for professional traders! The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all! You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price! Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4). As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.  This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91