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TradeWaves-EWA
Mar 2, 2021 7:07 AM

🥇XAUJPY: Japanese Alchemy of Gold🎌 Long

Gold/JPYOANDA

Description

●● Mine scenario
● 1W



It is very likely that, as in the case of XAU/USD, the wave (V) of the "Supercycle" degree forms the Ending Diagonal I-II-III-IV-V.

1D


A variant of count of the triangle ((B)) of I.

23h


A variant of count of the wave (1) of ((C)) in the form of a single zigzag A-B-C.

6h


I expect the wave (3) to resume growth soon. The confirmation in favor of the completed correction (2) of ((C)) in the form of a double zigzag W-X-Y will be: the breakdown of the line 0-X, plus the formed waves ((i))-((ii)) of A, the first of which will break through the top of X — "bull lvl" and gain a foothold over the upper border of the descending channel.

●● Alternative scenario
● 6h



As long as the above conditions are not met, there is still the probability of continuing the decline of the wave Y of (2) with the first targets of 173775.


The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Comments
GenerationFinance
Спасибо за редкую, но интересную идею!
TradeWaves-EWA
@GenerationForex, Thank you my friend !
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