Wave #5 of the pull back Short

GOLD (US$/OZ)TVC

Description

⋅ Mar 10, 2021 8:07 AM

I wait for another wave to occure inside of the pull back. It may act as impulse wave to the price rise, I assume.

Target $1550

Comment

⋅ Mar 10, 2021 11:18 AM

I would like to mention this wave movement is based on exponentially occurred ( by far ) pull back bottoms in sequence 7-10-14-19 ( the one happening ) bars seen on 1W ATR.

Trend Analysis

Comments

mahmoudn

⋅ Mar 10, 2021 9:49 AM

do you think it will reach by this week?

RoySaxena221

⋅ Mar 10, 2021 8:14 PM

@mahmoudn no

Benjaminfx45

⋅ Mar 10, 2021 5:12 PM

for me I went long.but your idea is pretty cool

AlkalineFX

⋅ Mar 10, 2021 10:07 AM

Smashing it mate!

meszaros

⋅ Mar 10, 2021 8:33 AM

Thank you very much for sharing this analysis. That's great.

mikeUkTrading

⋅ Mar 10, 2021 8:39 AM

@meszaros, Thank you.