As you may be aware, my view on gold has changed. (See related idea below)
So we have the classic E wave V-Shaped recovery and even though it's not a typical leading diagonal, it's advances are in 3 waves.
Blue Wave 1 is not yet complete as we are still working within a complex Wave iv correction which displays alternation between Waves ii and iv.
Wave ii was a simple correction and iv is more complex and lengthier which seems to be normal for these moves.
There is still more of the Red E Wave to go in an expanding ending diagonal before we see a completed Wave iv.
This will then be followed by 3 waves up in Wave v.
We should then see a sharp brief correction but we will cross that bridge when we get there.
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So we have the classic E wave V-Shaped recovery and even though it's not a typical leading diagonal, it's advances are in 3 waves.
Blue Wave 1 is not yet complete as we are still working within a complex Wave iv correction which displays alternation between Waves ii and iv.
Wave ii was a simple correction and iv is more complex and lengthier which seems to be normal for these moves.
There is still more of the Red E Wave to go in an expanding ending diagonal before we see a completed Wave iv.
This will then be followed by 3 waves up in Wave v.
We should then see a sharp brief correction but we will cross that bridge when we get there.
Please LIKE and FOLLOW to get notification of updates and future posts.
