Kindly Zoom for the Elliot wave count. 1800 will be a good buy

Atualizado
Kindly Zoom for the wave count. I am sharing this method that could potentially be a good mechanical strategy. There are three layers (major/sub-major/minor). I follow the pink trendline from the major layer to determine the market direction but wait for retracement to the fib bands on sub-major and minor layers. Its good to combine with RSI divergence and EW count. I believe 1800 will be good buy maybe around election time.
Nota
Pink 'curve' not 'trendline'
Nota
snapshot Bulls have to be careful of traps
Nota
snapshot
Nota
snapshot
Nota
Any daily reversal candle around 1810 will be a good BUY
Nota
I have 2 guesses for bullish view.
1. COVID-19 second wave might turn Gold attractive again as a save haven which could later cause "Gold crash" by end of first quarter once vaccine news start rolling out.
2. Stimulus would come after election - crazy view though. If Rep looses, they might agree to the terms of Dem on stimulus (maybe they are just be waiting for a good time to play "You just lost a good and empathetic leader game").
Nota
Once price retraces below 1800 again, watch Net Volume for 3k
Nota
Update on long analysis
Nota
Dont BE FOMO BULL, Be Smart
Nota
Here is the plan...Join me
Nota
snapshot
Nota
Same Plan
Nota
Update on Plan
Elliott WaveFibonacci

Publicações relacionadas

Aviso legal