A follow up chart to "Gold in a time consuming wave 4 pennant".
The 13 vs 34 day EMA hasn't made a bullish cross to confirm a bullish wave count.
The RSI an AO has bottomed in beginning of november but failed to make a positive divergens.
The wave 4 pennant will "reset" them both around the zero line and make the positive divergens in the 5th wave down.
Orange line on the chart is showing the PRZ for a 5th wave if is has the same length as wave 1.
Yellow line is measuring the pennants opening and project a target (PRZ).
PRZ is around the 1050/1060 handles
Safe trading ladies and gents!
Short term neutral to bearish
Intermediate bearish to neutral.
Bullish in march
BLawrenceM
Music at work: youtube.com/watch?v=DOkcaSbtLtE
Just for fun: cinefamily.org/films/the-gold-rush-original-1925-version-chaplin-in-march/
The 13 vs 34 day EMA hasn't made a bullish cross to confirm a bullish wave count.
The RSI an AO has bottomed in beginning of november but failed to make a positive divergens.
The wave 4 pennant will "reset" them both around the zero line and make the positive divergens in the 5th wave down.
Orange line on the chart is showing the PRZ for a 5th wave if is has the same length as wave 1.
Yellow line is measuring the pennants opening and project a target (PRZ).
PRZ is around the 1050/1060 handles
Safe trading ladies and gents!
Short term neutral to bearish
Intermediate bearish to neutral.
Bullish in march
BLawrenceM
Music at work: youtube.com/watch?v=DOkcaSbtLtE
Just for fun: cinefamily.org/films/the-gold-rush-original-1925-version-chaplin-in-march/
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.