My take is that the price is moving within the scenario outlined a week ago. This week I watch the market to complete the structure before engaging in any trades or considering alternatives.
hello sir,..i am big fan of elliott wave analysis and i followed you and learned a lot from your analysis..i have a question tht why you think tht in gold n silver market will make this ending diagonal structure?
Fomenka
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@immalik23, hi Malik. It is a guess at the momoment based on that I expect flat ABC and the bounce from the bottom was not impulse. Hence it is a diagonal. It can be an expanding diagonal though. Not contracting.