leeada2016

leeada2016

seems z or a of a bigger zig zag has finished retrace at 50% level. We can see 2359 before next leg down that will complete at a minimum of 2220 to 2195 before a retest of tl at 2330 i suspect

leeada2016

inside count completed possible a or wave of a and 5 to come pa will tell. c of w may finish at 2140 or 2225 if no extension. We should see a drop after testing 50% fib 55 should not pass

leeada2016

As have been sharing a lot of bullish scenarios. This is my main idea and most likely. I see 3 waves why we have seen 1.27% extension rather than 1.618 at 2500 many are still looking for. wave 5 can get crazy and can tag 3k as many believe will happen. But in shorter term it is going to shake a lot out and create bears. Looking for a bear market starting. ...

leeada2016

Looking bearish 45-47 is key break above could be bullish key area. Looking like a wave abc touching 50%. 224o is target above 47 is invalid.

leeada2016

wanted to share inner count only way i can get this to fit. And would give a target of 2700 for now. Certainly the 2500 many targetting at 1.618 isnt going to happen. Given inner count

leeada2016

Bullish count. possible ascending diagonal wave 4 shallow 24% retrace a break out would give targets of 2676 and 2825 extension 1.618 of wave 1. Wave 5 of wave 5 target would be 2800 and 3031 2936 been 1.618 of wave 1 and 3. Invalidation level 2120.

leeada2016

bulls scenario is causing some problems as inner cycle wave 3 has ended at short of 1.37. All is not lost though 5th wave may extend to cover. Either way forget higher for now 2260-70 most likely but never know 24% if you v bullish. I don't support this count but this the bullish scenario

leeada2016

inner count cycle complete wave 4 of higher degree 38% target of 2270

leeada2016

bullish count update wave 3 of wave 3 complete we have 30% retrace that could be enough but most likely a longer wave 4 correction is necessary. 38% 2271-60 area before a target of 2250. wave 3 hit target perfectly in this count. Note below 2218 bullish count is invalidated. Updated defined targets and timing. at 30% this could be a short shallow retrace that...

leeada2016

bullish count update wave 3 of wave 3 complete we have 30% retrace that could be enough but most likely a longer wave 4 correction is necessary. 38% 2271-60 area before a target of 2658. wave 3 hit target perfectly in this count. Note below 2218 bullish count is invalidated

leeada2016

update on previous idea with fib targets. Now we have ended wave 3 many still targeting 2500 at 1.618 as normal wave 3. But in this case 1.27% is often correct which was 2309 which is significant be seen on weekly monthly. Blues is next bull target after retracing 1.618 most likely. Red yellow is retrace targets 78% most likely 1956 need to travel into wave 1...

leeada2016

we are in wave c of wave 3 which withing is wave 5 possible completion of wave 3 that could see 2260. although 24% shallow retraces have been common within wave 3 2368 is that level before wave 5 of wave 5 of wave c completes likely at 2409 area. However can push 2440. Higher for gold still to come within this cycle.

leeada2016

The update on the bullish count is most likely still 2282 then targets of 2500. Even in this scenario, a correction will likely 38% 2230 area to be determined

leeada2016

clearer targets we are at 24% and within the channel of wave 3. Wave of this cycle maybe finished which can see 38% before 2409. If gold wants to stay in this channel this is level need to bounce from. Below channel 2282 is likely

leeada2016

gold could still want 2400 2409 area which is 1.27% another wave 5 within cycle count invalid below 2260 ish 50%

leeada2016

possible ending here meaning has to terminate below 2386. Although 1.27 at 2409 is still v possible on or near 1.27 extension

leeada2016

Fib targets as per expanding ending diag. And 3k is possible. First we are in wave 3 1.27 extension possible although it is above 110% and has many confluences but possible. Blue marked 1.27. Retrace yellow 62 to 78% has to travel into wave 1. And finally red target for wave 5 which is often most powerful up to 1.618% projection

leeada2016

wave 5 of wave x of wave 3 expanding diagonal 1.618 2365 2338 100% of 1 confluence at 2337 depending resistance it bounces at. At tl line and significant tl confluence at 2337 qould expect to see a wick on tl on higher tf