SteveTan

SteveTan

XAUUSD is on its final leg of leading diagonal pattern in wave (A)(Green). Waiting for confirmation in next idea for confirmed stop lost level before shorting.

SteveTan

XAUUSD probably is forming an expanding flat pattern ABC (yellow circled) on wave IV ( blue) of an ending diagonal pattern in wave (c)(Red)

SteveTan

AAPL bigger picture on monthly chart, possible a more than 70% (-74.29&) drop on year 2025 toward 72.63 +/- which is multi confluence zone of 1) Monthly 233 EMA ( thick white MA line) 2)Upper Support of parallel channel ( blue line) 3) Yearly Support Zone.

SteveTan

AAPL still forming a triangle pattern. Probably a -14.90% drop by end of May ( so sell in May still working") or early June.

SteveTan

XAUUSD possible forming a tripe zig zag (W)(X)(Y)(X)(Z)( Green ) in wave B ( Yellow circled ) instead of expanding diagonal from previous ideas. The latest CPI data probably "price in" for Just 1 rate cut by Sept 2024 from FED.

SteveTan

Hartalega still trending up to cycle high 4 ( purple ) which is only due at end of year by average (near yellow vertical dotted line) . So how "hi" can it goes?!

SteveTan

XAUUSD's Wave A (yellow circled) is leading diagonal while wave B (Yellow circled ) is an expanding flat pattern (A)(B)(C)(green) So! The correction of gold not done yet!.

SteveTan Updated 

Gold probably is forming an expanding ending diagonal / wedge pattern now while waiting for US CPI on 15 / May/ 24.

SteveTan

Meta / Facebook share price currently at major resistance (upper parallel line). If there was "a crash". The "Margin of safety" probably at 218 +/- which is a confluence zone of 1) Monthly Order Block 2) Median Line of parallel channel,

SteveTan Updated 

XAUUSD's last roadmap toward 2390 +/-. before 2150 +/-. Price currently at the last leg wave (C)(green) of expanding flat (A)(B)(C) pattern in wave B (Yellow Circled). Price/Market Structure Probably tell us somethings "Big" gonna happen on this 15/May/24 US CPI data...

SteveTan

Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.

SteveTan

SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-

SteveTan

US10Y > 8% what happen for those house/ car mortgage? What happen to #gold when big player have "guaranteed" in bank deposits? What happen to "healthy" bank's "stock"?..

SteveTan Updated 

Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!

SteveTan

Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!

SteveTan

Topglove just broke 233 EMA again, it has been ping-poing @ Daily @ 233 EMA (white MA line) for long enough to build "base/acculmatulation " in wave 2 (yellow) Time To fly!

SteveTan

SPX probably complete wave B ( Red Circled) of triangle on early January 2024 where it could dive 20% +/-.

SteveTan

SPX's chart/market is driven by Fundamentals ( FED) as most traders perceived. But I do agree with Robert Prechter and Alessio Rastani that market/ chart is driven by the "rotating cycle" of "supply/demand" rather than news/fundamentals even though I don't agree Robert Prechter with (Founder of Elliott Wave International) have been calling for major crash (which...