because i see the upwards movement is still in 3 waves. could be a tripe combo correction
probably wxyxz correction conforming to trendline
further downside i think. in a WXY configuration. probably temporary 3 waves upthrust to complete wave X. what u guys think?
sell limit at wave 4 to complete to wave 5 hence (a) is completed. let me know what you think
possibly a bigger double correction to reach ether wave 2 or wave b
temporary buy to wave b for a further downside. seems like the upthrust just now is for a (subminuette) wave, it could orobably retrace to 0.382 or top of the AR wyckoff accumulation. but still looking for c (minuette degree) as per the path marked on the chart
as per chart. its a abc correction of a higher degree. but at H1 we are going to sell limit around the area of 1778 until 1781
as per chart. could be going upwards to wave C as part of wyckoff distribution at LPSY (last point of supply).
divergence detected price going lower i think
Last impulse leg to C to complete wave 4 correction. then we can resume bullish rally to 5. we are now in minuette 3 wave . lets go!
instead of finding its way down to 4 directly, it may go in a restricted channel as ending diagonal. kindly compare my previous ideas on gold spot and see how this idea fare much better than the latter
havent reached 100% expansion yet. further downside until impulse wave count is complete. look for sell opportunity
Correction are underway as per chart illustration
updating my previous idea. price didnt impulse enough to go bearish so i reckon there is another round of correction before going down. kindly refer chart. please discuss this idea
still in 3 waves mood. but possible to enter sell trade at the green box area. it wont be nice as the downfall shall be in 3 waves i reckon. clear impulse selling will be at red B.
finishing the impulse for ((c)) in A. then B then C in (B) in essence, as per chart.