(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+ The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886...
As we can see a falling volume and prices are going up, which indicate a weakness. So lets go short On Gold , Gold will have a correction upto 16%. We also see a SZ nearby. Entry 1937 SL 1966 T 1612
Monthly close above $1,200 target $1,700. Stop monthly close below $1,000.
COMEX silver spot is moving sideways with the fluctuation on the 15m timeframe. It started with the descending peaks and after that made three ascending peaks. Then fall again and made a descending peak. Right now, making a descending peak again, and targets are followings $26.460 - $26.430 - $26.360 . It will make more descending peaks and fall up to $ 26.260 .
I am not an expert on EWT and doing this analysis based on limited knowledge of theory. I am expecting Tesla to touch 760-800 before any major correction. I see ending diagonal being formed in Tesla which normally happens in 5th wave . Counter may move in zig Zag way to the upside. Revisiting 685-690 is possible. 760 or 800 may be th last leg of rally and a major...
241-265 should be the supply zone where big 🐋 s might offload who had accumulated in previous buying zone. They didn't expect regulatory action. Will try to avoid getting stuck in a wrong trade because of uncertainty. 188-178 will be the demand zone where actual institutional investors may emerge.
After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$) The target level should be the recent highs that is 138$ and post that level the triangular thrust...
Amazing week, is there more to go?
Stock is showing down moment but can take good support at 3140 level. It can go up easily 5-6% from this level.
I see that a buying position can be made in this stock if crosses above $132.
Every hour at the bordello SUNW there is what appears to be some sort of orgy going on... double bottom, double top... I might just have to join this party when it gets to the triple bottom. I like being on top, however, I like that bottom entry fee of $4.03 and if I play my cards right I'll take my winnings at $5.11.
Going exactly as planned...
Here I have used Gann fan and Fibonacci on Silver sport to identify the current trend. Fib Retracement: Top: $29.90 Bottom: $11.64 If silver remains above the 78.6% level, the target will be $27 - $27.8 . And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use...