After the October 6th bottom, I've been waiting for the impulsive structure to break and give us a 3 wave retracement for wave 2. It appears that correction is now complete in the form of an expanded flat. A very common pattern following a strong impulse. Since an impulse ended on October 20th with a third wave extension, the flat pattern traced out a zigzag correction for A, a zigzag correction for B, and an impulse for wave C that also contains a third wave extension. Wave 2 bottomed near the terminus of wave 4 of the previous degree. A textbook structure. I have personally added on to my October 4th purchase of gold based on this analysis in order to compound my position.
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Want to learn to count like me? Visit wavecounts.com for loads of content and a free trial.
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.