SteveTan

SteveTan Updated 

Gold probably is forming an expanding ending diagonal / wedge pattern now while waiting for US CPI on 15 / May/ 24.

SteveTan

Meta / Facebook share price currently at major resistance (upper parallel line). If there was "a crash". The "Margin of safety" probably at 218 +/- which is a confluence zone of 1) Monthly Order Block 2) Median Line of parallel channel,

SteveTan Updated 

XAUUSD's last roadmap toward 2390 +/-. before 2150 +/-. Price currently at the last leg wave (C)(green) of expanding flat (A)(B)(C) pattern in wave B (Yellow Circled). Price/Market Structure Probably tell us somethings "Big" gonna happen on this 15/May/24 US CPI data...

SteveTan

Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.

SteveTan

SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-

SteveTan

US10Y > 8% what happen for those house/ car mortgage? What happen to #gold when big player have "guaranteed" in bank deposits? What happen to "healthy" bank's "stock"?..

SteveTan Updated 

Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!

SteveTan

Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!

SteveTan

Topglove just broke 233 EMA again, it has been ping-poing @ Daily @ 233 EMA (white MA line) for long enough to build "base/acculmatulation " in wave 2 (yellow) Time To fly!

SteveTan

SPX probably complete wave B ( Red Circled) of triangle on early January 2024 where it could dive 20% +/-.

SteveTan

SPX's chart/market is driven by Fundamentals ( FED) as most traders perceived. But I do agree with Robert Prechter and Alessio Rastani that market/ chart is driven by the "rotating cycle" of "supply/demand" rather than news/fundamentals even though I don't agree Robert Prechter with (Founder of Elliott Wave International) have been calling for major crash (which...

SteveTan

INARI's 1.50 +/- is confluence zone of 1) POC of volume Profile. 2) Demand Zone 3) Lower Support of Parallel line.

SteveTan

Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.

SteveTan

XAUUSD's price need to break 2031.05 , which is wave (iv)(red) to confirmed muti months peak @ 2144.64 or else price could reach 2160 +/- on New York Session.

SteveTan

XAUUSD currently forming a "unfinished" long tail daily and "finished" long tail 4 hour "scary" pin bar for "Gold's Bull Chaser"! BUT, but.. the "Red Bull" probably only "exhausted" on New York Session @ 2150-2160 +/-. (Detail on next lower time frame chart )

SteveTan

XAUUSD. Elliott wave concept which is based on fractal "nature repeating pattern" theory. AND pattern "need our bared" eye "staring at screen".. Zooming in until " the tiniest spot". So..So,, We have better, bigger "vision" on Bigger Time Frame Chart! E.g yearly, Monthly Chart! As we have limitation to "Zooming" into 1hours or even1 minute chert with our "bared...

SteveTan

XAUUSD. By checking its z-factor (speed of chart) there is a hidden big triangle on gold chart with wave C (yellow) already end in "short-lived" relatively to wave A (yellow).

SteveTan

XAUUSD's 2000 is confluence zone of 1) Major Trend line 2) Order Block 3) Breaker Block.