Made 5 waves for the C. Expect an impulsive move to the upside.
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Did not mention this but it did tag the 27.20 fib at 1285. The fib dont mean much but rather the move towards the fib is the essential part. I can count 5 waves completing that C wave. Can you ?
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Did not make a setup to buy. I believe it will breaking down and then reversing. Just more sitting and waiting for the setup.
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Looks interesting now. Keep an eye on the buy setup.
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Looks interesting. Keep an eye on it
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stop at BE. Potential one more down. If it takes me out and breaks upward ill just go in at a higher price.
Trade closed: stop reached
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BE. Seems like that potential one more down is happening. Regardless, more waiting and sitting again.
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Just realised this. You got the first impulse (arrow). The third impulse and now is this the final 5th one?
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Will the impulse be strong enough to change the trend?
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Hmm.
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Note to self. If this is the trend change. This is a IRREGULAR flat. Small C move towards the low but cannot reach it and changes direction. We will see.
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tradingview.com/x/QTixoIZr/. Trend change thanks to trump calling off the north korea summit. Look for buy setups.
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boom. Lets go. stop at BE
Trade closed: stop reached
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Waiting for it again. Frustrating that it cant get going.
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Trade closed manually
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tradingview.com/x/IviEO3qp/. Choppy but i will wait and let it break out of this. Most likely to happen during NFP but if it manages to grind towards new lows. I might be tempted to get in a bit.
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Bit bigger picture. Maybe one more down ?
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Another way to look at it since it reversed even tho NFP was good.
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Gold has been stubbornly going sideways for at least a month now. We got FOMC/BOJ/EU hopefully one of them will decide this. Just waiting for the impulse.