webmoney1354
@t_webmoney1354
What symbols does the trader recommend buying?
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webmoney1354
Currently, gold is facing strong resistance in a chromatic state, which is still not sufficient for entering a selling position. Therefore, we must wait for the chromatic support breaking range and decide for a long-term selling position.
webmoney1354
"In the daily timeframe, we have observed a reaction to the butterfly harmonic pattern in the past. So far, there has been a correction to the 50% Fibonacci level. The expectation is for the downward trend to continue until the 61.8% level. Subsequently, with the confluence of the 200-day moving average, it is anticipated to initiate its support and rise above $12."
webmoney1354
After completing the beautiful pattern, Butterfly, and finding support in the chromatic trendline, it continued its upward trajectory. It was anticipated to extend its upward move within the range of its 0.618 Fibonacci ascent
webmoney1354
"The static support is in the range of $205, and the diagonal resistance in the first step is around $218. It's possible that, after crossing $220 and touching $230, there might be a drop to $215 as a means of collecting liquidity. Afterward, we should be prepared for a pump towards $240."
webmoney1354
Harmonic patterns generally have good reactions. In the first step, the 38% Fibonacci retracement level, and in the second and third steps, the 50% and 61.8%, respectively. However, at the beginning of the trend, we should wait for confirmation with a bearish candle.
webmoney1354
In this 2-day time frame chart, there is no recommendation for a short position. Instead, consider giving more time to the market only to complete your long-term portfolio.
webmoney1354
elliott In this 2-day time frame chart, there is no recommendation for a short position. Instead, consider giving more time to the market only to complete your long-term portfolio.
webmoney1354
I won't suggest entering until the gold market direction is clear. During this time, either a strong bullish green candle should appear to convince me to open a long position, or alternatively, with the chromatic support breaking, I should enter a short position.
webmoney1354
"See and analyze, currently, you can use an initial amount of money, and in the transaction brackets shown in the image, you can enter double the previous money volume. Be sure to pay attention to your stop-loss level."
webmoney1354
"As you can see in the chart, we are witnessing divergence, and based on the latest bearish wave, we can determine our profit targets."
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