Gold has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it’s above 200 MA. That’s a good sign for buyers! If gold breaks the parallel channel, my upside targets Continue reading
MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: for wave (c). Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel.
Invalidation is available for premium subscribers only.
AUDJPY is forming a contracting triangle. Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that “Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That’s why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E”.
Price has reached all of these targets.
Click Here to read the previous article.
The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trend line and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 – 83.850 – 84.185+.
Invalidation: Breakdown of the A-C trend line.