look4edge
Short

Gold - Wolfe picture

COMEX:GC1!   GOLD FUTURES
150 4 5
Found two Wolfe patterns, large orange and small violet with couple of interesting observations.

Top was completion of violet Wolfe pattern.
Sellstop 1-3 line of orange Wolfe pattern caused breakdown @1666.
Now 1-4 epa target line of orange Wolfe pattern @1170 has been broken, this event means reversion of breakup @540 in 2006.

Targets?
Well, fib lines from 555-1920.8 are pointing to 1077, 847, 711.
Or, 1'-4' epa target line of violet Wolfe pattern is crossing longterm uptrend support @500 in 2019.
Or just that longterm support, market will tell.
Levels 873, 732 may have ew implications too.

This chart is telling me that shorts are heavily favoured unless 1-4 line will be re-crossed up, currently running around @1190.

Complete monthly picture here:
snapshot
snapshot

snapshot

that neckline belongs to the IHS
+1 Reply
look4edge jangseohee
found first target, 933 poc of bulltrend and start of head (as end of terminal edt abcde)
snapshot
+1 Reply
snapshot


Look at this one...fits my time at mode projection.
Reply
Possible yes.. as long as 1170/1230 is unbreached... this can absolutely happen.
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