Completed impulse on the downtrend , subdivision into 5 waves and ending diagonal on 5th wave showing the termination of the previous trend and now shooting Wave A targeting the red line. Keep in mind Wave A sudivided into 3 wave a b c , before having Long position make sure wave b is completed.
Comments
VRShaiju
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Can I see your label on ending wave 5? Just curious how you got tiny purple abc on daily chart :(
Waveforce
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Sorry sir, I just hiding the purple abc labeling on the weekly chart and forgot to take if off on the daily chart coz there is just one leg now for wave a on the end of fifth wave waiting to be compleated with b and c wave.
VRShaiju
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In that case Gold should come down right? :) The purple C must have 5 wave impulse to validate Wedge :( I didnot see it in your chart. Looks like wave C purple missing