Beiträge von DrK

  • EWA nach Captain Ewave

    Des Captains Morning Post vom 21.10.21 :


    Short Term Update:


    Gold was higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached ahigh of 1790.10.



    After that high was made we dropped off reaching a low of 1776.90, although we are now trading at the 1783.00 level!


    We continue our long correction in our wave -iv- bullish triangle as shown on our Daily Gold Chart. Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.


    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid.
    Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., it now looks like wave $a$ ended at 1836.90, and all of wave $b$ at the 1721.10 low. We are now rallying in wave $c$ which has a projection for its completion of:


    $c$ = $a$ = 1882.80.


    On the Intraday Chart gold appears to be working on a very large bullish triangle, which started at the 1745.90 low.


    Within the triangle we need five touch points which is this case at: 1745.90, 1801.80, 1760.40, 1790.10 and the last point which currently is 1776.90.


    As long as this last point does not fall below the 1760.40 low, then after this final drop occurs we expect gold will thrust sharply higher.



    The size of this triangle indicates that the projected spike higher could be between $50 to $60.

    A break above the upper trendline of this bullish triangle which connects 1810.80 and 1790.10 will likely start the thrust movement higher.


    After wave .d. ends we expect one more drop in wave .e. to complete all of our wave -iv- bullish triangle. We already tested resistance at our red downtrend line that connects 1919.20 and 1836.90. We expect it to be strong resistance, but expect we will break through this week, or at least soon!


    After that we should continue higher to our neckline resistance.


    Another plausible possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is complete and that the next rally in gold will be a substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.


    Also note the potential head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!



    Grüße



  • EWA nach Captain Ewave

    Der Captain am 1.10.2021 :


    Gold was sharply higher in yesterday’s day session reaching a high of 1765.00. In the overnight session we have moved sideways currently trading at the 1753.60 level!

    All of wave -iii- ended at the 2089.20 high and that we are now correcting in a wave -iv- bullish triangle as shown on our Daily Gold Chart. Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.


    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid. Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., it now looks like wave $a$ ended at 1836.90, and wave $b$ has now exceeded our 61.8% level at the 1727.90 low. Our last retracement level for all of wave $b$ is:


    78.6% = 1710.40.


    We need to be on guard for the completion of wave $b$ and the start of anther rally in wave $c$ of .d. Another projection for the end of wave $c$ is:


    $c$ = $a$ = 1882.80.


    A break and close above our purple downtrend would heavily support our idea that all of wave $b$ is complete at the 1721.10 low and that we are now rallying higher in at least wave $c$ of .d.


    Another outside possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is completed and that the next rally in gold will be substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.

    Also note the potential head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.




    Active Positions: We are long, with puts as stops!


    Grüße



  • EWA nach Captain Ewave

    The Captain´s Long Term Update vom 19.09.21 :





    Gold was lower this past week reaching a low of 1745.40, closing at 1751.40.


    All of wave -iii- ended at the 2089.20 high and that we are now falling in an ongoing length wave -iv- bullish triangle.


    Within that triangle we completed wave *c* at 1675.90 low.


    If that is the case then we are now rallying in wave *d*. Wave *d*, looks to be turning into a 3 wave pattern as shown on our Daily Gold Chart, with all wave $b$ perhaps ending at the 1745.40 low.


    If that is the case then we should start to move higher again in wave $c$ of *d*. Wave *d* cannot trade above the wave *b* high of 1919.20.


    Our retracement levels for all of wave -iv- are:


    23.6% = 1871.60;
    38.2% = 1737.00.


    Of course this bullish triangle could also expand and extend, but one step at a time.


    Our alternate count is that all of wave -iv- ended at the 1675.90 low, and in this case we are now rallying in wave *i* of -v-.

    Active Positions: Long with puts as stops!

    Wem´s nicht gefällt, einfach überlesen.
    Grüße


  • EWA nach Captain Ewave

    The Captain´s morning post :


    Gold was lower in yesterday’s day session reaching a low of 1745.50. In the overnight session as we have moved higher reaching a high of 1767.80.


    All of wave -iii- ended at the 2089.20 high and that we are now correcting in a wave -iv- bullish triangle as shown on our Daily Gold Chart.
    Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.


    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid.
    Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., it now looks like wave $a$ ended at 1836.90, and likely all of wave $b$ at 1745.50. Our retracement levels for all of wave $b$ are:


    50% = 1756.50;
    61.8% = 1737.40.


    We have now entered that retracement zone, so we need to be on guard for the completion of wave $b$ and the start of anther rally in wave $c$ of .d. We have projection for the end of wave $c$ and .d as:


    $c$ = $a$ = 1906.50.


    Another outside possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1745.50.


    This would mean that all of wave -iv- is now complete and that the next rally in gold will be substantial in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.


    Major resistance is still the 1835.00/1840.00 level.


    Also note the potential head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.



    Active Positions: We are long, with puts as stops!


    Grüße





  • EWA nach Captain Ewave

    Jamie Dinamo schreibt :


    „Captainewave würde weinen vor Freude, wenn er meine Charts sähe….
    Birgit, Du kannst aufgeben !„


    Habe Dich nicht vergessen, bin aber noch im Urlaub.
    Melde mich rechtzeitig, keine Frage.


    Grüße
    Birgit


  • EWA nach Captain Ewave

    Der Captain zum gestrigen Freitag, dem 13.08.21 :



    Short Term Update:


    Gold was lower in yesterday’s day session reaching a low of 1742.80.



    In the overnight we have moved higher reaching a high of 1763.20!


    As you can see on our updated Daily Gold Chart, our large wave .iv. of -iii- bullish triangle is now expanding and extending.
    Within that triangle it now looks like all of wave *c* ended at the 1675.90 low and if that is the case then we have started to rally higher in wave *d*.


    Remember that legs of triangle formation are full of overlapping waves, so the internal wave structure is sometimes difficult to micro-analyse in real time:



    It is impossible to know how high wave *d* will go, but it should at least reach our upper red trendline of our triangle formation. It could go as high at the wave *b* high of 2089.20!!


    After wave *d* ends we expect another drop in wave *e* to complete all of this large wave .iv. bullish triangle.


    Trading Recommendation: Long gold. Use puts as stops.


    Active Positions: We are long, with puts as stops!



    Jamie Dinamo, nicht nervös werden !
    Liebe Grüße



  • EWA nach Captain Ewave

    „Blinder Glaube an die Regeln ist der schlimmste Feind der Realität."


    Ich glaube, Birgit hält viel von diesem von Einstein („Blinder Glaube an die Obrigkeit ...“) abgewandelten Zitat.


    Egal, die Wette läuft !


    Grüße

  • EWA nach Captain Ewave

    Solange man die täglichen Waserstandsmeldungen ausblenden kann, finde ich das monatlche Update ausreichend.
    Und wenn jemand auch noch mit ihm -oder umgekehrt- übereinstimmt, umso erfreulicher.


    Grüße