Wait for gold reach for the certain level that im stated in the chart. Right now, im still holding sell position to ride C wave unless it break my invalidation level at 1815. Merry christmas and happy new year.
Ending diagonal setup. U can read description in my mapping.
Channel already breakout. Big probability it will become irregular flat. This is how price will move.
Updated counting for this option. It could be flat correction and it could be 5 wave. For long term im waiting for clear 5 wave down to complete before we go for buy for the long term. As for now, i will just wait for price to do a pattern or clear breakout before im going to swing buy position.
Price already make another low. Im expecting last wave down to complete 5 structure down to form 5 wave movement. U may sell instantly or wait for price to retest previous low breakout.
Earlier, i hope price to break this trendline. but then, price show rejection. It is possible for another last down movement in order to complete Ending Diagonal Pattern.
Buy in the zone. Cutloss when h1 close below this level.
Updated movement. Wait for price move in a form of triangle. If u want to buy for short term, Your SL below A wave of triangle. If u want to sell for long term, Wait for price enter the yellow box with minimum risk.
After hit my SL yesterday. market hint us that correction are still not complete. so today i will try again to ride another impulsive down to according to the rejection appear and price unable to break invalidation level at 1813. So im expecting continuation bearish movement to complete 5 wave down before it climb to make bigger correction.
Sell in the yellowbox area. tp at 161.8 fibo and sl above invalidation level.
Sell zone in the yellow box area. Sl 10 pips above invalidation level and take profit at the end of the arrow
WXY formation expected to happen with 3-3-3 movement wave.
Ending diagonal appear as a sign end of trend. Im still not sure whether it is wave 5 of 3 or end of wave 5 of 5. but it still worth to try to sell on this setup. we will ensure this wave once the first impuls appear clearly in this setup.
As long as price did not able to break invalidation level, i will still bias to bearish. My counting will change after a clear 5 wave appear in this current up wave and hit my invalidation level.
Im expecting 5-3-5 movement downward after price failed to penetrate for previous high.im expective the journey will continue base on zigzag corrective structure in order to form for the second wave before it goes to bullish highest momentum to complete wave 5 of monthly counting.
SELL IN THE YELLOWBOX AREA. TAKE PROFIT AROUND1800. SL 10 PIPS ABOVE INVALIDATION LEVEL. RIDE THIS WAVE 5 OF 3 OF C.
FLAT CORRECTION FORM. 3-3-5. SELL AREA IN THE YELLOW BOX. SL PLACE10 PIPS ABOVE INVALIDATION LEVEL. IN THE BLUEBOX AREA. BUY FOR LONG TERM POSITION.