millatbd
First, we will analyze the five Ichimoku lines. Then we will proceed to analyze time, wave, and price theory. Currently, a Death Cross has occurred in gold, which indicates a potential upward movement in the market. Additionally, all five Ichimoku lines are showing an uptrend. From point A to B, there are 11 candles, which is 2 more than the 9-period Kijun-sen,...
We will analyze gold using the Ichimoku indicator, beginning with a wave analysis. Currently, gold is in the P-wave. When the market was in the I-wave, it reversed after 11 candles, which is 2 more than the standard 9 candles (Kihon Suchi) according to Ichimoku time theory. Then the market reversed again after 22 candles, which is 4 less than 26 (another Kihon...
There was engulfing in the 4 hour candle and the next candle was a shooting star. So there is a lot of liquidity in the previous engulfing. So the market can come to 22092 to grab this liquidity. However, to take an entry, you should take confirmation of lower time frames like 1 minute, 5 minutes.