👉🏻 The market, by ...from CLOVER GOLD FX

25 Feb 2025, 16:23 · Views 141

👉🏻 The market, by its nature, consists of impulses and corrections. You make money by moving with the trend. Impulse waves occur in the direction of the trend, while corrective waves happen in the opposite direction. We make money during impulse waves and prepare for the next impulse during corrective waves. 👉🏻 The biggest mistake here is focusing more on impulse waves than on corrective waves. However, the better you analyse the corrective wave, the higher the Risk-Reward Ratio (RRR) trade you will execute. The market is a whole; you plan during corrective waves and follow your plan during impulse waves!

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CLOVER GOLD FX

257 Posted · 61 Followers

GBPUSD on the daily shows a clean pullback where selling pressure is getting weaker and price is holding the lower area with small candles which often means buyers are stepping in this kind of calm movement after a drop usually leads to a bounce higher if price breaks above the trendline with strength it can start the next upward move so the focus stays on waiting for a clear breakout and strong close before entering instead of jumping in too early.

CLOVER GOLD FX

#xauusd🔥🔥🔥🔥💰💸 #xauusd Read below 👇 Gold 50% and 61% level are Golden level for the End of Corrections phase... remember if price doing corrections not crashing then these are ideal level for the reverseal. In crashing scenario no Technical Analysis will be applied just see the Fundemntal. To me Price correction will end near these level will start it's Bullish journey towards the resistance area as mentioned on the chart.

CLOVER GOLD FX

The GBPCHF 14H chart is showing a strong corrective structure where price has respected the major support zone and is now pushing upward with increasing bullish momentum. After completing a clear five-wave decline into support, the pair formed an A-B corrective base, signaling the start of a potential wave C recovery. Buyers stepped in aggressively at support, and the current upward move suggests that the market is aiming toward the next resistance zone where the larger wave (iv) is expected to complete. If bullish strength continues, price may climb toward the highlighted resistance area, completing the projected C wave before any major reversal or continuation decision is made. This structure reflects a classic Elliott Wave correction with well-defined support, resistance, and impulse-correction sequencing.

CLOVER GOLD FX

EURGBP is respecting a well defined ascending support line, showing that buyers continue to defend higher lows despite recent corrective pressure. After forming a symmetrical triangle between wave W and wave X the pair broke to the upside, completing wave Y and creating a three-wave corrective structure labeled A B and C. Price has now tapped the ascending support at point C indicating the correction may be complete and suggesting the potential beginning of a fresh bullish impulse. As long as this support trendline holds the market structure favors an upward continuation, with buyers likely aiming for a retest of previous highs.

CLOVER GOLD FX

After completing a strong nine-week bullish sequence on the weekly chart, XAUUSD appears to be entering a corrective phase that mirrors previous market behavior seen after extended impulsive rallies. Historically, such prolonged bullish runs often trigger profit-taking and short-term reversals as momentum fades and institutional traders rebalance positions. The current structure shows signs of exhaustion at the top, with a shift from large impulsive candles to smaller corrective ones, suggesting reduced buying pressure. If history repeats, gold may retrace toward the 50% Fibonacci zone, a level that often acts as a natural equilibrium between buyers and sellers before the broader trend resumes. This area also aligns with prior consolidation zones, making it a potential demand region where new accumulation could begin if the long-term uptrend remains intact.

CLOVER GOLD FX