Bullseye
Auropharma - Elliottwaves - Will It Repeat The Fall of 2016!!!Auropharma Profile Page at
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Trading Strategy
Long Term Strategy
Plan A
Expect Explosive Move Upside -------Only Above 895-Double Top & Targets – 1200/1350/1600/1750 in next few years ahead
Plan B
Holding Below 895 –Double Top –Expect Downside Move &
Targets –
697/700
620/630
500/525
Going Below 500 – We shall review later & we don’t deny downside targets of 450/350/250 years ahead.
Previous Ideas
22nd Aug 2016
20th Oct 2016
13th May 2017
8th Nov 2017
1st June 2018
5th Dec 2018
Thanks for watching this video & Your Support ----------- “Don’t forget to support and share”.
Gold - Plausible 1350-1375 Upside Zone Next19:25 Hrs 17th Sep 2018
Last Price@1205.5
Important Resistance Zone - 1205 -1210 $
Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead.
Short Term Strategy-
07:45 Hrs 17th Sep 2018
Last Price-1199 $
Plan A
Any push upside to 1200-1205 $ Range could be used to sell on short term basis with strict stops above 1210$ & downside target shall be 1195 & 1189$
Later once you get a fall in desired zone below 1190$ from 1200-1205 range –it could be used by risky traders to shift in the bull camp for higher targets as mentioned in long term strategy & most likely gets confirmed once it starts moving above 1210$
Safe Traders who want to trade gold on long side- should wait for prices to cross above 1210 & hold above 1205 for higher targets upside.
Long Term Strategy
Plan B
Any sustained move above 1210$ can be early sign for upside target of 1300 & 1350$ in days & months to come ahead.
Auropharma - False Breakout trying to tell you something@800When we start trading as a novice -one of the strategies we are inclined to take is breakout trades as they are intended to give big moves in the breakout direction.
One should always be prepared to experience many false breakouts: the price breaks out of the pattern, only to revert right back in putting you in losing position.
If breakouts happen to be false then think in a positive way as they might be trying to tell you something or signal something. So, I always say -understanding the language of technical analysis you need some skills which always comes through experience.
Last Update closed@12:30 pm -7th Nov2017
Struggling to hold above 800 mark - update was closed as mentioned below - we saw Auropharma slipping 20 bucks from 790's to 770's where a double bottom was made- double bottom always setup to buy with stops below 770 & small push was seen to 790 - 795 the trouble zone.
Previous Update- Wave Talks- 895 to 503- Can it be 503 to 895+ (Result - It did not move until it crossed 775 mark -post 775 it travelled 795 easily & struggling)
What we expect next?
Strategy 1 - Buy only above 810 mark for next set of upside leg else time to be cautious -false breakout.
Strategy 2 - This trade is for risky traders who can afford to lose 5-10 points with stops above 810 & selling close to 800 mark in between 795-800 post your own confirmation for targets 770-775 & below 770 for 725-735 & below 725 for 690-700 & finally 665.
Strategy 3 - Safe Traders can sell below short term double bottom zone of 770 & below important zone 770-775 for targets mentioned in Strategy 2
Auropharma- Top@895 -is this the end?Long Back when Auro Pharma was trading at 770's - I was looking out for the last leg upside post-e-wave of the triangle in larger degree 4th wave. Likely we got the move also & Auropharma made new high@895 which was close to previous high@891.50.
Prices got rejected in the zone 890-900 likely indicate that auropharma could have already topped@895. Fall looks impulsive, which made a low@806 - bounce post low@806 looks very corrective & could be shaping out as A-B-C move after sharp down move from 895 to 806.
On longer term- trend could be bearish
Early Update-Triangle shaping out
