GOLD (B) WAVE LOW IS IN, WAVE (IV) RESISTANCE LEVELS CALCULATED
The trade here is a Bull rally until 1232.20. Then Bearish to lower lows.
Wave (ii) took 6 days and was a sharp Zigzag.
By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed).
It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag (or Triple Zigzag 11 swings if we're painfully unlucky) or or course a Triangle, but that doesn't look like it's forming just yet. But we are in a wave 4 situation, so Triangles are common.
In any case, Rally to 32.20 and then watch out below.
Wave (ii) took 6 days and was a sharp Zigzag.
By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed).
It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag (or Triple Zigzag 11 swings if we're painfully unlucky) or or course a Triangle, but that doesn't look like it's forming just yet. But we are in a wave 4 situation, so Triangles are common.
In any case, Rally to 32.20 and then watch out below.
Nota
why won't Tview publish this? is it a server software bug?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.