GOLD PERHAPS RUNNING IN FLAT
A possible running flat correction. Where wave c terminates just before or at the peak of wave a. Seems like the impulse is not strong enough hence a running flat setup.
SL above the 1.236bfib level ie 15651567. Expect an equal impulse length from the major reversal on the left.
Set sell limit from 1558-1563.
Note for myself.
I'm still learning.
Anyone following can throw in some comments or idea, It is very much appreciated.
The stochrsi on h1 seems overbought so i guess this is the best possible and highest probability of winning.
SL above the 1.236bfib level ie 15651567. Expect an equal impulse length from the major reversal on the left.
Set sell limit from 1558-1563.
Note for myself.
I'm still learning.
Anyone following can throw in some comments or idea, It is very much appreciated.
The stochrsi on h1 seems overbought so i guess this is the best possible and highest probability of winning.
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