tntsunrise
Long

IS THERE A WOLFEWAVE FOR GOLD

FX:XAUUSD   Gold / U.S. Dollar
297 8 40
CORRECT ME IF I AM WRONG

ACCORDING TO WOLFEWAVE
1 3 5 IS THE BOTTOM AND MUST BE DECLINING
2 IS HIGHER THAN 4
1-4 LINE IS THE TARGET LINE
2-4 LINE AND 1-3-5 LINE CROSS IS THE ESTIMATED TIME
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Yes, I think it'll overshoot the bottom trendline though.
In EW terms, this would be a flat correction, pending the C wave up:

snapshot


As for the WW, I guess you could project the 2-4 line from point 1 and 3 to find potential point 5'-5'' entries:

snapshot


Also, a shark?:

snapshot


Stop at shark invalidation/distance in ATR from low.
What do you think?
+1 Reply
tntsunrise TOP IvanLabrie
AMAZING !! UR EW SKILL IS REALLY GOOD! if I was stopped out at 1154, i will pending a long order at 1140 as what u suggest. tks man! for all of your kindness and support
+1 Reply
IvanLabrie PRO tntsunrise
Thanks, I'm barely decent with EW, but I filter the most probable outcome with other tools.
In this case, we got quite a few things aligning down here.
Do you think that Shark is valid?
I'll look into going long at the bottom, but might be tricky.
Reply
IvanLabrie PRO IvanLabrie
snapshot
+1 Reply
tntsunrise TOP IvanLabrie
that will be a huge ab=cd move with 1.618 ext
Reply
IvanLabrie PRO tntsunrise
I think it might gap down there with the whole Greece drama.
Would make for a great buy for sure.
Reply
tntsunrise TOP IvanLabrie
MY FIRST TARGET HIT
Reply
IvanLabrie PRO tntsunrise
The move up looks like part of a correction.
I'd short it, honestly.
We'll know more once London/NY kick in.
Reply
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