Elliott Wave Monitor
GOLD – 4H Chart ▫️Gold completed wave (iii) at 3675.17 and is currently moving within corrective wave (iv). ▪️The count suggests a W-X-Y correction is forming below the resistance zone. ▪️We expect further downside to complete wave (iv) before resuming…
GOLD - Irregular Flat
The previous correction was not a complex WXY, which is why the current expectation is for an irregular flat correction.
The reason we insist that the correction is not over yet is because the decline so far represents only 14.6% of wave 3, which is too shallow compared to a typical corrective retracement after such a strong impulsive move.
The previous correction was not a complex WXY, which is why the current expectation is for an irregular flat correction.
The reason we insist that the correction is not over yet is because the decline so far represents only 14.6% of wave 3, which is too shallow compared to a typical corrective retracement after such a strong impulsive move.
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Elliott Wave Monitor
GOLD - Irregular Flat The previous correction was not a complex WXY, which is why the current expectation is for an irregular flat correction. The reason we insist that the correction is not over yet is because the decline so far represents only 14.6% of…
This is the reason: The wave 4 correction is very small compared to wave 3.
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Gold is facing two key scenarios:
▪️The correction may be completed at these levels, leading to a new bullish move toward higher highs.
▪️Or, a further decline targeting $3575.
▪️The correction may be completed at these levels, leading to a new bullish move toward higher highs.
▪️Or, a further decline targeting $3575.
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EURUSD Forecast & Analysis
▪️The EURO/DOLLAR pair made a false breakout above 1.1919, completing wave b.
▪️According to Elliott Wave analysis, the EURUSD is likely to extend its decline toward 1.1500.
▪️EUR/USD analysis today suggests a bearish scenario.
Note: To stay closer to you, we’ve added a direct contact option in our Telegram bio.
You can reach us anytime through this username: @ewmsupport
▪️The EURO/DOLLAR pair made a false breakout above 1.1919, completing wave b.
▪️According to Elliott Wave analysis, the EURUSD is likely to extend its decline toward 1.1500.
▪️EUR/USD analysis today suggests a bearish scenario.
Note: To stay closer to you, we’ve added a direct contact option in our Telegram bio.
You can reach us anytime through this username: @ewmsupport
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The Elliott Wave Monitor channel now has two official usernames.
You can reach the same channel through either of them:
▪️@elliottwavemonitor
▪️@elliottwavetrader
You can reach the same channel through either of them:
▪️@elliottwavemonitor
▪️@elliottwavetrader
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To those who don’t like the analysis:
Guys… this isn’t a Hollywood movie
It’s just a very simple analysis on the yearly timeframe (each candle = one full year).
5 Elliott Waves are done… and we All know that after an impulse, a correction must come.
No rocket science here 🚀.
And if you don’t like it? That’s fine
This channel isn’t like the others: no mandatory 👍, no hearts-and-stars emojis 🌟.
Here you’ve got freedom — agree if you want, disagree if you want.
We’re moving forward anyway… and the analysis will prove itself, as always 😉
Guys… this isn’t a Hollywood movie
It’s just a very simple analysis on the yearly timeframe (each candle = one full year).
5 Elliott Waves are done… and we All know that after an impulse, a correction must come.
No rocket science here 🚀.
And if you don’t like it? That’s fine
This channel isn’t like the others: no mandatory 👍, no hearts-and-stars emojis 🌟.
Here you’ve got freedom — agree if you want, disagree if you want.
We’re moving forward anyway… and the analysis will prove itself, as always 😉
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Besides GOLD, which currency pair do you trade the most?
Anonymous Poll
35%
EURUSD
8%
GBPUSD
22%
BTCUSD
5%
DOW JONES
9%
NASDAQ
9%
GBPJPY 🥰
1%
EURJPY
9%
Crude Oil
2%
Other (DM @ewmsupport)
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Thank you to 11,000 real followers 🙏💙
11,000 genuine traders who truly love learning and making money 👨💻📈
The number may be modest, but its value is huge, all real people, not fake numbers or paid views like other channels 😉
11,000 genuine traders who truly love learning and making money 👨💻📈
The number may be modest, but its value is huge, all real people, not fake numbers or paid views like other channels 😉
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