Here is my gold Prediction IT's Running now 700pips . In my previous post I told that gold profit taking sentiment about to end. Alhamdulillah Now you can see the market .
Given the bullish sentiment in UJ today, and the successful liquidity grab at the London session low, we'll take a long position. Our initial target is a 1:1 risk-reward ratio, followed by a 1:2 ratio after securing some profits.
Nifty future and banknifty future analysis and intraday plan. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
USOIL is bearish and now we can open a long position for a short time
Data back to 1902 All CRASHES have been 8 to 12td days long today is day 9 I have moved to a 90 % long today and will move to 100 at 5718 mit and 110 % at 5644 plus or minus 11 We are ending wave 4 and will see a 610 pt rally in the sp 500 to a final BLOWOFF TOP from the march 10 to 13th Low it maybe early .So time to move 90 % long see the double red arrow signal . best of trades WAVETIMER
The chart suggests an Elliott Wave pattern of an impulsive structure currently in Wave 3. The projection indicates that Wave (3) is in play to 5.37$, with a possible retracement for Wave (4) to 4.8-5 before a continuation toward Wave (5). The breakout is supported by increasing momentum and volume, indicating strong bullish sentiment. Potential resistance around Wave (5) target zone about 10$. Note that the continuation of the Russia- Ukraine war could act as the catalyst to this trend.
We have been consolidating at around the current demand zone struggling to find a sense of direction. With the earnings report releasing in the upcoming week we can expect to take advantage of the possible volume that may come with it. Looking to ride this up to previous highs.
My analysis was correct, but I closed out due to my emotions being high right after a loss I took prior to me getting in the trade. Price rejected off the 50% fibonacci level, broke the counter trend line it made on the 4HR timeframe, and gave me a break and retest below the 200EMA. If I would have held it longer and trusted my analysis then I would have received the reward. Lesson learned.
Initially I was under the impression that price was going to continue back upward due to higher timeframe candles, but later realized the heavy rejection on the 50% fibonacci level at a daily key level. Price gave me a very strong and big wick on the 4HR candlestick showing that buyers lost the battle to the sellers. So I went to the daily timeframe to see the overall trend direction to find out it was starting to go downward, along with fundamental analysis about WMT dipping soon.
Shorts are stacking in favor over longs on Bitmex, where fortunes get obliterated at 100x speed. https://www.coinglass.com/LongShortRatio This is good news for bulls, I think this level (80ish) will hold and we will see a short squeeze later this week once enough shorts pile up. That won't mean we are out of the woods, but it will mean some relief and might make for a nice swing trade for those so inclined. I'm definitely in the 70-40-20k death march camp in general, but that may not happen just yet; fundamentals of global meltdown/tariff anxiety/ww3/et al not withstanding. If we break last weeks low of 78 that pretty much invalidates everything i have said. gl out there.