Nickel touches on its target, we will look to add positions after a Classic TradingLevels pattern at the Medium Level.
Gold: Looking for a Classic TradingLevels pattern at 1900 for the Long Trade Set-up.
A small long position for Natural Gas, with the view to adding along the way if the pattern stays on track
Elliott Wave Counts:
Gold Elliott wave Triangle Pattern Wave 4) will change if the Wave (B) high is breached around the 1920 zone.
Dollar Index DXY Elliott Wave (b) rally.
Iron Ore Elliott wave: b) of 2.
Crude Oil Elliott wave (iii) of v) of 5.
Copper Elliott wave Triangle b) of E of (4).
Nickel Elliott Wave iii) of 3.
Uranium ETF Elliott wave Expect new low after current rally.
Natural Gas Elliott Wave Triangle (c) of of (4).
Video Length: 00:36:19
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.