of traderWgun's great analysis.
Looking down the road
there could be an extended since Pt C only tapped the
1.13 fib ext and the A to B
ratio is above the .382, but, it's not above the .500 which is my
preference for an extended .
SO, will it make it to the top of recent highs again ?
Sometimes that's how a trend change might occur.
That sure makes the risk easy to define.
Which will it be ? The .886 or the 1.13 ?
Something to watch when I'm officially goofing off/vacationing.
This week I've only been "unofficially" goofing off ~~~~~
with a 3 wave B followed by another 5 wave C wave which would be a complete
zig zag of 5-3-5 subdivision of an A - B - C
So, I would expect the gold 4th wave to show B wave down to .9360/75
followed by a 5 wave C wave that would complete around .9360/80
That would be the point that the Gold 5th wave you're showing
would resume the down trend.
That's what I think so keep score for me and let me know how I did ?
Wishing you lots of pips in your pocket !!!!!