Hi traders
this is my full wave count for gold'
the last up wave (the one we are in) is the most complicated, this lead me think that there are good probability to be the last wave up for a while
I leave a chance for the market to go a little more up before having a meaningful retracement: see the green and yellow lines at correct price level which aim to forecast the next moves
Happy trading
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
this is my full wave count for gold'
the last up wave (the one we are in) is the most complicated, this lead me think that there are good probability to be the last wave up for a while
I leave a chance for the market to go a little more up before having a meaningful retracement: see the green and yellow lines at correct price level which aim to forecast the next moves
Happy trading
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
Comment:
Please note that the big move down from the top from 1929 to 1049, might be, by some analysts, counted as a 5 wave down< which could be, but wouldn't change my short medium term strategy
Trade active:
Ciao Traders
Looks like I am the right direction following the blue line on the chart :)
My personal first target is 1050$. But I’ll probably manage my positions during the way.
Again, this is no financial advise.
I share my views just for fun and to get constructive feedbacks.
Happy trading
Looks like I am the right direction following the blue line on the chart :)
My personal first target is 1050$. But I’ll probably manage my positions during the way.
Again, this is no financial advise.
I share my views just for fun and to get constructive feedbacks.
Happy trading
Comment:
hi traders
a quick update
As of now the trade is going perfectly
Due to the structure of the retrace, I will estimate a move up before continuation of the downtrend
In details:
another leg down, possibly to the orange square, then a push up close to the zone between the 0,618 and 0,7 fibonacci
After that I expect a big move down which might take years towards the previous low of 1040 and after that, possibly to the 840 levels (but is early for that, for now my target is 1050).
If I am right I will manage my position to get the max I can while going down.
I will keep posting when appropriate for educational purpose only :)
see my chart of the long term which I am linking here.
Happy trading
a quick update
As of now the trade is going perfectly
Due to the structure of the retrace, I will estimate a move up before continuation of the downtrend
In details:
another leg down, possibly to the orange square, then a push up close to the zone between the 0,618 and 0,7 fibonacci
After that I expect a big move down which might take years towards the previous low of 1040 and after that, possibly to the 840 levels (but is early for that, for now my target is 1050).
If I am right I will manage my position to get the max I can while going down.
I will keep posting when appropriate for educational purpose only :)
see my chart of the long term which I am linking here.
Happy trading
