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Elliottway replied Dec 27, 2024The 2636-2639 level is solid. For the price to break above it, it will likely need to gain support from sellers who are waiting for a down move. Once these sellers are trapped, the price will likely move up safely. This is the pattern I have ...
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Elliottway replied Dec 27, 2024The price is highly likely to test the 2624-2626 range before potentially returning to the upside, targeting the 2650 level.
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Elliottway replied Dec 27, 2024The 4 hour candle has closed below 2633.700, and we now need to wait for the next 4 hour cycle to complete. Until then, the expected range for price movement is between 2626 and 2639.
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Elliottway replied Dec 27, 2024Hey Matt, where have you been? I have been missing your insights. You really stand out in this forum. If possible, could you share how you handle the manipulation in lower timeframes? It would definitely help me improve. Of course, without clear ...
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Elliottway replied Dec 27, 2024As long as the H4 remains below range between 2637 to 2639 by the close of this hour, the price is expected to pull back to lower levels once again.
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Elliottway replied Dec 27, 2024The level at 2636-7 is not likely to break easily, so there's no need to get overly excited or rush into anything. The lower time frames tend to have a lot of manipulation, and if you have good enough sound analysis, you'll likely notice it. ...
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Elliottway replied Dec 27, 2024Dear Admin, I kindly request that red tags not be given to those who genuinely lack knowledge about the market. Some individuals post content in whatever manner they prefer, without showing respect for others, which feels like disrespecting a public ...
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Elliottway replied Dec 27, 2024Clearly the 2650's level is approaching key resistance. It's important to be aware of this as you plan your trade. Stay focused and execute your strategy accordingly. Enjoy your day and trade wisely.
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Elliottway replied Dec 26, 2024Raised a solid point about the current market, where the uncertainty from the Fed and broader political developments are creating choppy conditions. For example, when you think about a situation like a person’s body (flesh and bone), it’s not just ...
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Elliottway replied Dec 26, 2024Instead of directly asking why you are buying, it would be better to focus on analyzing the chart. It feels more like I am closely watching your trade and making my analysis based on that. Please consider framing your questions in a more humble and ...
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Elliottway replied Dec 26, 2024The price has already reached a critical point on your chart, clearly indicating that brokers are effectively exploiting the time zone dynamics to trap unsuspecting retail traders. Every day, there's a constant bloodbath, with many getting caught in ...
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Elliottway replied Dec 26, 2024Gold is currently forming a bearish wedge pattern, with the 2643 level acting as a key point where a sell off could happen. I expect the price could drop to 2602 from there. However, the daily chart shows a clear upward move, which raises the ...
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Elliottway replied Dec 26, 2024I have been trying to scalp with the trend, but I have consistently failed to reach the target. I am now uncertain whether the market is purposely hitting my stoplosses (BE) or if I simply don’t know how to adapt my trades to the market conditions. ...
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Elliottway replied Dec 26, 2024The message is saying that once the price reaches 2626, it will trigger the continuation of the upward trend. However, if the price hits resistance before reaching 2626, it needs to break through that resistance before the trend can activate and ...
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Elliottway replied Dec 26, 2024I just checked the 4 hour chart and noticed it closed above. It's clear that market manipulation plays a significant role, and it’s fascinating how greed often arises when there’s fear, and fear when there's greed. Right now, I feel very comfortable ...
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Elliottway replied Dec 26, 2024Every time I learn a new lesson, there's a chance that it will lead me to an important breakthrough, like hitting 2626.
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Elliottway replied Dec 26, 2024I entered a long position at the 2633 level, with a target range between 2641 and 2643.
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Elliottway replied Dec 26, 2024The price has now reached the buy zone at 2622, with the upside target between 2641 and 2643. However, if 2622 breaks and moves below 2600, the target will shift lower. Wishing you a successful trade Enjoy the day!
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Elliottway replied Dec 26, 2024Good place to buy at 2622 level.
breaking below different setupGold