l.pro

4 of 5 of A still in progress?

FX:XAUUSD   Gold / U.S. Dollar
155 2 5
If first X is 5, then I expect clear 5 waves down as 1 of 5 of A. So far, I see only 3 down... that makes me think that we see see some sort of combination here. If WXY is complete, next move should be either 1-2 to upside... or another 3-wave             structure. And that's exactly that we see... that left for us only one option - tripple zig-zag .

I mean, I know triple zigs are rare structures, that's why I think this count could be wrong, but, so far, here is my take on recent price action.

Still think 4 of 5 of A in progress... May see the last move for 4 of 5 of A.
the first (X) is the 5
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The first X is clear 3 waves up on 5m chart. How you count it as impulse of 5?
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