It's a corrective W-X-Y Pattern where Y-Wave completes 161.8% of W-Wave in the zone 1335-1340$. We need market confirmation which can be looked as buying opportunity going beyond U.S. Elections & Above 1377$ which will be my initial target zone going ahead.
Trading Strategy
We should wait to see some buyers coming into the zone 1335-1340- once confirmed-prices hold the zone of 1335-1340$ then yes it could be better considered as demand zone.
Regards,
Abhishek H. Singh, CMT
Trading Strategy
We should wait to see some buyers coming into the zone 1335-1340- once confirmed-prices hold the zone of 1335-1340$ then yes it could be better considered as demand zone.
Regards,
Abhishek H. Singh, CMT
交易進行:
10:29 Hrs 10th Oct2016
Gold Opens Gap Up Trading@1265$ -we want this candle to sustain
Gold Opens Gap Up Trading@1265$ -we want this candle to sustain
交易進行:
18:52 Hrs 12th Oct2016
Trading@1257$
Going above 1260$- it will leave tripple correction backside & shall travel 161.8% of the wave -((i)) from 1243$ -which comes to 1289-1290$ range.
Trading@1257$
Going above 1260$- it will leave tripple correction backside & shall travel 161.8% of the wave -((i)) from 1243$ -which comes to 1289-1290$ range.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Typing Mistake- Zones mentioned above are 1235-1240$ zone instead of 1335-1340$ zone.