gold looks prime for the last leg down in the formation of a wxy structure this would usher in the resumption of a very bullish trend to form a wave 3, looking back at gold one will notice wave 3 of gold is most of the time extended moves such a lovely trade to anticipate
the overall trend direction is bullish, I don't see any scenario where BTC creates a new low. but for the short-term view, we would consolidate a bit, strong bearish divergence marking the end of wave 5 of wave 1 would post a detailed higher time frame chart below hopefully I will update this trend as the moves unfold
Looks very bearish weekly tf Meanwhile for a long term view The bear market will be closely followed by a possible wave 5 move which will mark the end of this circle The wave 5 might be super extended which would be a recipe for a sharp dump Also keep eyes on the 3 tap RSI divergence slowly building up.
Looking very very bearish After a very strong break down in structure
elliot wave and market structure long term forecast
currently bearish as we await the last leg of the major correction don't forget to prepare for the moon run