GC1! GOLD FUTURES, Potential EOW End of WAVE-C Buy-In "Area's"..
Hey Gang,
Here's what i see, for potential "Buy-In" areas, as i am charting gold futures, w/interest
for a Friend in the Market, Desiring "LONG" on Gold.
Here's what i see...
First, it would behoove us to complete a reliable External Retracement from the Wave-A "Low",
to the Wave-B "High", -Which is a Great Relationship, for an EOW, End of Wave-C, "Area".
Wave-C USUALLY, travels a __ 1.272 or __1.618 of Wave's A-B.
Next, we have the Wave-3's Larger "Fib" - Retracement area, left of the 50% tile area.
(Wave-3's normally retrace between 20-50%, usually a 23.6, 38.2, 50 or at most 61.8%).
We Have ALREADY met the Min Retracement Level Area's of a Wave-C, Now we are down
to the Elliot Wave-Finishing Out on Wave-C's Numbering.
*Again, Ideally we would like a Wave-5 of Wave-c of Wave-C to complete out.
Thanks,
Terrapin Pipper,
Jeff :) !
Here's what i see, for potential "Buy-In" areas, as i am charting gold futures, w/interest
for a Friend in the Market, Desiring "LONG" on Gold.
Here's what i see...
First, it would behoove us to complete a reliable External Retracement from the Wave-A "Low",
to the Wave-B "High", -Which is a Great Relationship, for an EOW, End of Wave-C, "Area".
Wave-C USUALLY, travels a __ 1.272 or __1.618 of Wave's A-B.
Next, we have the Wave-3's Larger "Fib" - Retracement area, left of the 50% tile area.
(Wave-3's normally retrace between 20-50%, usually a 23.6, 38.2, 50 or at most 61.8%).
We Have ALREADY met the Min Retracement Level Area's of a Wave-C, Now we are down
to the Elliot Wave-Finishing Out on Wave-C's Numbering.
*Again, Ideally we would like a Wave-5 of Wave-c of Wave-C to complete out.
Thanks,
Terrapin Pipper,
Jeff :) !