my dear, the wave 3 finished, the pattern also finished time to sell it til 38fibo
Cevizkabugu
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Hi, Do not you think that there should be a deeper correction down to 1,48-1,49 area before continue uptrend like you said?
Because I see a rising wedge pattern which will act as a trend reversal and the divergence at RSI and macd are also confirming a close downtrend.
Also that deeper correction may form the (4) of the Elliott..what do you think ?
faylee
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@Cevizkabugu, yes, i was concerning about it, but i would more prefer to go long before it breaking down the wedge, and imo, it doesn't look like wave 4 correction, it's more like going to be an extension of wave3, i meet several times in Gold chart.