Overview: Today we take a closer look at bullish Elliott wave counts, however, the bullish trend up is not confirmed, the rally can be in response to the DXY and the 10Y dropping lower.
The dollar index (DXY) Completing Wave iii of (c) of iv) towards the 93 zone
Elliott Wave Gold: Wave iv) corrective rally or low in place
Gold Trading Strategy: Natural
Video Length: 00:17:14
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 ...
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.
Great video. On the 4 hour chart I see us at wave 4 of this up move? If this is what you see as well...thoughts on the price target for wave 5...I was thinking 1760...thoughts
Great video. On the 4 hour chart I see us at wave 4 of this up move? If this is what you see as well...thoughts on the price target for wave 5...I was thinking 1760...thoughts