XAUUSD Incomplete Triple Zigzag Hints at Further Growth
It is assumed that a triple zigzag pattern is formed for gold in the long term. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps the first two sub-waves Ⓦ-Ⓧ have ended, and the third sub-wave Ⓨ is under development. The internal structure suggests that the wave Ⓨ forms an intermediate triple zigzag. We can see that sub-waves […]
USOIL End Of Correction Hints at New Impulse
In the long term, USOIL could form a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary waves Ⓦ-Ⓧ-Ⓨ seem fully completed. Since December 2022, the market has been moving in an upward primary wave Ⓧ. Perhaps it takes the form of an intermediate double zigzag (W)-(X)-(Y). Now prices are moving higher in the final actionary wave (Y). The […]
BABA End of Bullish Correction Hints at Impulse
BABA suggests the continuation of the bearish trend. This takes the form of a cycle triple zigzag consisting of sub-waves w-x-y-x-z. The actionary wave y and the intervening wave x have ended as double zigzags. Wave z is now under development. It is likely to take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. There is […]
Japanese Yen Gains as Breaking Story Hints at Further Bank of Japan Policy Tweak
Japanese Yen, USD/JPY, Bank of Japan, US CPI – Asia Pacific Market Open Japanese Yen gains as breaking story hints at further BOJ policy tweak Follow-through may be difficult to achieve until after US CPI data passes USD/JPY falls, but key support zone remain, pausing the downtrend Recommended by Daniel Dubrovsky Get Your Free JPY […]