navk, the safest counter-trend trade is taken on the extension in the yellow box. Then we ask ourselves, how much is the market willing to give up from today's gains? Current labeling is invalidated if price drops below 4040 (YH). Sure, potential ...

Coreg's EW+HP+D/W Range

rehmatkhan, the B-C leg usually has 5 fractals. image

Coreg's EW+HP+D/W Range

Watch the zone 1.3387-1.3365 for a potential bounce in the zone for completion of the Gartley pattern

Coreg's EW+HP+D/W Range

Now, after the market reached 4081, the first support zone on the 30-minute time frame is between 4043 and 4038 for a BPC setup.

Coreg's EW+HP+D/W Range

navk, London is closed. Can NY do this alone? Only 4.5 hours left and 90 points to climb.

Coreg's EW+HP+D/W Range

2H chart to show the bigger picture. On the weekly TF, I have a low for the recent down move at 3886. Do we get there? I don't know. image image

Coreg's EW+HP+D/W Range

update...

Coreg's EW+HP+D/W Range

The daily TF.

Coreg's EW+HP+D/W Range

You're right; Gold didn't have H&S pattern. My previous post was poorly worded because I didn't mean to imply that it did. Good catch!

Coreg's EW+HP+D/W Range

micro S&P futures...

Coreg's EW+HP+D/W Range

Additionally, the dollar index is showing signs of movement, which could lead to declines in gold, the GBP/USD pair (GU), and the MES index.

Coreg's EW+HP+D/W Range

GU printed on Friday NR4 bar on the daily TF. Potential extended range today.

Coreg's EW+HP+D/W Range

Yeah, it has been done. Now we see if any of the support zones will hold in this downtrend on the HTF. If you go counter-trend, grab whatever the market offers you.

Coreg's EW+HP+D/W Range

navk, any post that shares a success story in this business is welcome in this thread, especially when you include the method or strategy you used to achieve your results.

Coreg's EW+HP+D/W Range

...

Gold with No Drama

I fixed the name of the last supporting swing low. Next week, remember the 4022 level; it may be important if gold wants to go higher.

Coreg's EW+HP+D/W Range

All attention is now on 1.3450. Despite a strong increase on Wednesday, GU was unable to maintain its weekly high at 1.3452. Support zone on the chart.

Coreg's EW+HP+D/W Range

It's the last trading day of the week. Let's see if the support level at 3943 will hold. It would be even better for the bulls if gold doesn't close below 3973. But remember, any zone can hold or be broken. Stick with your analysis for your setup ...

Coreg's EW+HP+D/W Range

I use SH/SL for entry, but only when the market is dull. What about horizontal and diagonal TLs as triggers? image image

Coreg's EW+HP+D/W Range

GU dropped only to 50% of YRange. If my labeling is correct, the second leg down should follow (5 fractals down telling us it's only leg A).

Coreg's EW+HP+D/W Range