GOLD (xauusd) :: THE BIG 3rd WAVE (short)
The wave 2 (ABC correction) would be completed at 1932.
So "if" (ever big IF) the count is correct we are in the 1st wave of the big 3. This 3-1 would be complete at around 1865, then we could see the ABC up for the 2nd inside this 3. In this case we should have 2 short entries (and in case 1 long for the ABC up):
---------------------------
1st short:
Entry area: 1900 - 1906
TG: 1866
---------------------------
2nd short:
1907 - 1912
TG: 1740
---------------------------
Optional long (for the ABC):
Entry area: 1866 - 1864
TG: 1905
---------------------------
This is an update of my previous ideas (linked below).
So "if" (ever big IF) the count is correct we are in the 1st wave of the big 3. This 3-1 would be complete at around 1865, then we could see the ABC up for the 2nd inside this 3. In this case we should have 2 short entries (and in case 1 long for the ABC up):
---------------------------
1st short:
Entry area: 1900 - 1906
TG: 1866
---------------------------
2nd short:
1907 - 1912
TG: 1740
---------------------------
Optional long (for the ABC):
Entry area: 1866 - 1864
TG: 1905
---------------------------
This is an update of my previous ideas (linked below).
Note
Trade closed: stop reached
That 4th wave is not more valid, we have passed the 61,8%. This count is not more valid. Trade closed.
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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.