XAUUSD - Last breath before the fall
Updated
hey guys , i was reviewing my count on gold lately since the failed triangle idea i posted earlier , i was expecting a bullish impulse C wave but it didnt look right.
After some time i found out what's going on , we got a consolidation Wave B in triangle Formation on Intermediate Degree , with one swing left inside.
I expect a bullish move to complete the last wave then a strong impulse downwards to complete the ABC corrective sequence.
Price action diverges from the oscillator signaling something going on there , i believe this is it.
Goodluck!
After some time i found out what's going on , we got a consolidation Wave B in triangle Formation on Intermediate Degree , with one swing left inside.
I expect a bullish move to complete the last wave then a strong impulse downwards to complete the ABC corrective sequence.
Price action diverges from the oscillator signaling something going on there , i believe this is it.
Goodluck!
Note
Please note that the triangle subdivisions are not clear zigzags - they are complex structures which i suspect to form a triangle but the same count can be used for a wave B and the whole long term fall of C wave could have already started at 1360 .If the D exceeds the point B of triangle , the idea remains valid all the way to 800! Cheers
Note
Wave count on lower degree
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