TradingView
thenry
Jul 31, 2016 8:23 PM

Wave "C" or Wave "3" (That is the Question) Long

Gold/U.S. DollarFXCM

Description

Really believe we are currently in a Wave "3" which is going to have an Extended 5th wave. Right now we are in a 4th wave down before the extended 5th wave. Looks to me like a double zig-zag. Thinking this move will come close to the wave 1 but will not penetrate it. If correct the "price action" should move quickly up. Some similairities with Wave 1 and 3. Market is expanding.
Comments
Bandarsq
Nice chart.
thenry
Thanks!
More