Longs Wait till decisive Break of 3.00 on weekly basis. The Triple top could result in a sharp upmove (Bull Trap) & then Down for a correction !!!
Watchout Crudeoil. Indicators Pointing Downmove. BUT IMPORTANT, wait for Confirmation.
Gold Downside minimum PnF Target 1265-1272 Area. Watch out !!!
On hourly chart, the price action breaks out from symmetrical triangle at the last hour of trading indication bearishness and dominance of sellers. It shall further go down on Monday. Target:155 Stoploss 161 Duration 1-2 days
On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels....
My 1St View Sl Hit Again Once Sorry 4 All... My 2nd View Below 1341.20......My View 1337.20 And More Down Side Till 1334.93....
The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels Target 95 Stoploss : 75 Risk Reward: 1:4
CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart. Happy Trading!!
The gold chart is interestingly poised. There is a nice consolidation highlighted by the turquoise color box. Price has subsequently retested the top of this box and turned around. A move past $1,370 would be a good signal to buy yhe yellow metal.
As per Elliott Wave Theory, the gold charts indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.