GOLD short 4th wave triangle
I am still waiting patiently for this triangle correction to complete. My confirmation will be when I see the red HA bars below the support line (purple arrow). If the market breaks above the resistance line with green HA bars, I will re-evaluate my wave count and remain neutral.
Gold has now painted more bars than in the green "II" wave, which we would expect in a triangle. This time zone is represented by the shaded green area.
Seeing the smaller degree triangle (grey) within the larger degree triangle is not uncommon.
Gold has now painted more bars than in the green "II" wave, which we would expect in a triangle. This time zone is represented by the shaded green area.
Seeing the smaller degree triangle (grey) within the larger degree triangle is not uncommon.
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