3rd wave has extended and reached 3.167. Assuming price will hit the base channel which will be around 0.382 retracement level. Then, I guess it will start its journey for the 5th wave on september.
OANDA:XAUUSD
OANDA:XAUUSD
Gold will likely to take a break from rising around $2800 in couple months. I will expect to continue it's journey to new highs around April or May 25.
After completing 5th impulse wave on November 2021, I believe INDEX:BTCUSD has been in the correction phase. First two parts of the correction wave is completed on April 2023. I guess the third part is going to hit around 7000$ levels on around April-May 2024.
If BTC completed the 3rd wave on April. We may see a double zig-zag correction as shown as "wxy" wave in the chart. It may be in the 3rd wave of "w" wave which may be a regular-flat correction. If it is a regular flat correction price should go down around 27K levels where SMA100 about to reach.
This week's close seems like forming a shooting-star candle. This...
