XAUDUSD//1800 Target// ElliotWave+Fib// Analysis
Updated
*Target Impulse 1800
˜˜˜˜˜˜˜˜˜˜
2nd wave/corrective
+ needs to retrace to .618 - .786
+ TD Sequencial is complete and a bit over extended, meaning it is due for a correction
+ Stochastic Divergence also indicates a need for correction
+ Resistance/Support, Strong resistance at 1750, Strong support at 1720
˜˜˜˜˜˜˜˜˜
3rd wave/impulse
+ Impulse to 1.618 or 2.618 fib
+ can not be the shortest wave
+ indicators are reset, breathe air is done and ready
˜˜˜˜˜˜˜˜˜
4th wave/ corrective
+ short correction to .236
+ can be very minor correction
+ cannot go lower than peak of wave 1, meaning this wave can be just an R/S flip
˜˜˜˜˜˜˜˜˜˜
5th wave/ final impulse
+ target fib is 2.618
+ approx 1800
˜˜˜˜˜˜˜˜˜˜
2nd wave/corrective
+ needs to retrace to .618 - .786
+ TD Sequencial is complete and a bit over extended, meaning it is due for a correction
+ Stochastic Divergence also indicates a need for correction
+ Resistance/Support, Strong resistance at 1750, Strong support at 1720
˜˜˜˜˜˜˜˜˜
3rd wave/impulse
+ Impulse to 1.618 or 2.618 fib
+ can not be the shortest wave
+ indicators are reset, breathe air is done and ready
˜˜˜˜˜˜˜˜˜
4th wave/ corrective
+ short correction to .236
+ can be very minor correction
+ cannot go lower than peak of wave 1, meaning this wave can be just an R/S flip
˜˜˜˜˜˜˜˜˜˜
5th wave/ final impulse
+ target fib is 2.618
+ approx 1800
Note
still on track for correction until broken above 1770 and hold
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