Gold - Wolfe picture

COMEX:GC1!   Gold Futures
153 4
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.

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:

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)
+1 Reply

Look at this one...fits my time at mode projection.
Possible yes.. as long as 1170/1230 is unbreached... this can absolutely happen.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out