ETH Triangle?
ETH looks like a triangle is about to break out which could be Wave 4 or Wave B, I would expect a move to $2100 - $2400 if it breaks to the upside.
ETH looks like a triangle is about to break out which could be Wave 4 or Wave B, I would expect a move to $2100 - $2400 if it breaks to the upside.
Gold is trading around $4,394 after recovering strongly from the recent head formation near $4,310. Price is now testing the $4,395–$4,400 neckline area, while the right shoulder remains supported above the marked demand zone.
Holding firm above local breakout support at 63,577.69! Are you panic-selling this move, or locked in for the multi-wave rally to horizontal resistance? 🤔
Testing upper channel resistance at 1.15852! Are you blindly buying into this top channel boundary, or positioning for the multi-wave breakdown flush to macro support? 🤔
GBPUSD is showing a clear recovery structure, with price forming higher highs and higher lows while respecting the rising trendline. The current move is approaching a marked resistance zone around 1.3570–1.3580, where price appears to be facing potential selling pressure.
EUR/USD is currently trading under short-term bearish pressure, but price is approaching a major key support zone around 1.1528–1.1532, where buyers could step back into the market.