Adding more bearish counts in and potentially a new more bullish count..
Note
Just a quick explanation .. the Gold AB - signals a bigger bearish movement after another C up waveThere is a purple 1 and 2 from the last drop which is yet to see the 3rd impulse wave
The red (1234)? will result in a fifth wave on the next move.. invalidated on breach 17.313 of..
The green 1 and 2 which counts a new 1 2 move invalidates when the low (2)? is breached.
Bearish moves
if 17.313 is breached then we start looking for shorting opportunities.. always wait for the retrace and retest before shorting and you should short based on the last low..
Note
The (3)? and (4)? is invalidated.. so those will be removed next postDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.