Triple combination Short

GOLD (US$/OZ)TVC

Description

⋅ May 15, 2023 4:14 AM

I reckon the move up from Sep 22 was corrective. Made some minor changes to my count in my last post, but the general picture is still the same. I label the move as a triple combination as depicted in the chart.

Flat (W) - zigzag (X)- Zig Zag (Y) - triangle (X) - triangle (Z).

A triangle may be in the making and I will label this move as A, with B, C, D and E, to come, before heading down.

Wave Analysis