4H : Wave 4 is either complete or is still continuing as an Expanded Flat.
Strategy : In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL a little below Wave .i/.a high would be ideal if the market permits the same.
Strategy : In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL a little below Wave .i/.a high would be ideal if the market permits the same.
Note
Gold : 4H : Expected progression : Note
1H : So far following the arrows, currently seems to be in Impulsive up move for W.5 Cir. : Note
Gold : 15 min. : Possible Triangle formation can lead to upside move : Note
1H : Updated : Note
Gold : 1H : Wave 4 looks to be continuing as a Triangle formation, even if the same is already complete near the marked Wave .a the next leg is to expected on the upside. Strategy : Hence in either case we look to trade the upside in this market looking for targets higher of 1243+ and SL below 1224.
Note
Gold 4H : Possible w-x-y : Looks like a Double ZZ correction to the upside rather then an Impulse, as such there is no further sign for longs here, wait and watch for now : 
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Author : Think with the Markets
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Author : Think with the Markets
Related publications
Disclaimer
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.