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elliottwavegreen
Oct 1, 2018 4:06 AM

GOLD BEARS ARE ON Short

Gold/U.S. DollarFXCM

Description

Gold is completing an ending diagonal as wave (c) of the wave (a), (b), (c) zigzag. The ending diagonal is going through the process of completing wave (5) in the ending diagonal , since wave (3) is larger in size than wave (1), wave (5) is going to be larger than wave (3). A price movement beyond the encompassing support line of ending diagonal will invalidate the wave count. A good 1: 2 loss to profit ratio trade.
good luck

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ELLIOTTWAVEGREEN

Trade closed manually

Comment

price action is not unfolding as it should , so closed the trade with minor profit.

Trade active

Comment

The sideways move appears to be a triangle, I have re started this trade.
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