Fairmont-Markets

Fairmont-Markets

A very similar wave structure is unfolding in GOLD currently. The 5- wave Elliot wave is completed and currently in ABC Correction phase. The ABC projection from the origin places the 100% advance from the low at 1.5100 area and the 161.8% projection at 1.6710 area. NOTE: This is a long term Primary trend for GBPUSD Short term and...

Fairmont-Markets

From close observation the two waves are repeating. A bullish advance is expected in the short term back to the 1.27910 zone. RSI divergence also supports an upward advance from the current low. Check next posting for long and intermediate trends on GBPUSD. Comments and corrections are welcome.

Fairmont-Markets

RSI and price making an inverse divergence on D1 Chart Possible sell option. The high also intersects a descending trend line with both volume and momentum reducing.

Fairmont-Markets

It is important to know that both time and price are expanding in variations of 34 (Fibonacci number) From cycle 1 to cycle 3 it can be seen that vibrations occur at 34 point additions from the start of each cycle. ( I have illustrated for only cycle 3) CYCLE 1 : Cycle duration : 378 days (Fibonacci number + 1 day) high = 1374 ...

Fairmont-Markets

CYCLE 1: The final wave up in the cycle started from the 50% retracement zone. The wave retraced 78.6% (0.786 Fibonacci retracement level) marking the start of Cycle 2. CYCLE 2: The final wave up in Cycle 2 also shot up from the 50% retracement zone although there were multiple vibrations on the 61.8% zone. The vibrations on the 61.8% zone were just intermediate...

Fairmont-Markets

The 4th corrective wave forming an inverse right angle triangle is broken to the top. A 100% projection of the upward trending wave might occur which will push price to the 1451 handle or extended to 1482. 1451 will be 25% price squaring from the low of 1162 that occurred on 16th August 2018 which also coincides exactly with 100% time function squared from the...

Fairmont-Markets

Price is moving towards the 61.8 time axis after it bounced aggressively on the 50% on 23rd May. If price fails to break the range bound price action, then a major reversal towards 1246 is likely. Alternatively if price moves out of the range, then 1451 would be the next handle for a major reversal. 1451 price coincides with a CLUSTER OF PRICE SQUARES, 38.2% and...

Fairmont-Markets

EURUSD still in a SELL zone. Reversal signal not yet spotted, TP = 1.1310

Fairmont-Markets

The yellow metal is in a critical zone. Notice the divergence in the RSI and price at points ''a'' and ''b'' between the 3rd January price and the peak that occurred on 31st January. Major Trend lines - ''A'' and ''B'' Critical support line - ''X'' Trend fan formed from line ''B'' - Y Price is expected to touch the major support line ''X'' at 1300.91. A bounce...

Fairmont-Markets

Price correction bounced on support channel line at 59.46. Brent could see further price up in the coming weeks.

Fairmont-Markets

A bullish cypher formed on 30M chart

Fairmont-Markets

From the illustration, price is oscillating between two channel lines: Major Channel : 'A' and 'B' Short term Channel : 'X' and 'Y' If price breaks through the upper channel line 'X' then major trend line 'A' will act as resistance. If price breaks through 'A' plus 20% filter, then a strong bullish trend will prevail with resistance at 1.32785 and...

Fairmont-Markets

Short for the 5th swing and buy at dip for the correction wave ABC. TPs are on the chart

Fairmont-Markets

Buy and hold for wave 5 of the Elliot wave pattern. Comments, corrections and likes are appreciated.

Fairmont-Markets

Possible bullish trend continuation after 5th swing. Alternatively a break of the down trend line will expose the 1280 major support handle. TP = 1307

Fairmont-Markets

Bearish flag pattern forming on 30M chart. A breakout of the channel line will see further downside

Fairmont-Markets

Elliot's correction wave ABC

Fairmont-Markets

3RD impulse wave hit resistance with a steep correction wave 4. Go long for the 5th wave with target at 1.6912