celescu

Elliot wave idea

FX:XAUUSD   Gold/U.S. Dollar
271 4 1
There is a confluence of waves of different degree at this time.
All indications are that there will be a correction next week toward B that can reach up to wave-5 in 1180.
It may be the beginning of a new wave of higher grade (I)
If the count exceeds 1180 will be invalid
When finished wave B, we must find signs pointing his final&start wave C
and it's time to go short to get its length, as it will be up to 1350

Elliott wave spanish blog: http://piensaenforex.blogspot.com.es/
Gavriel1
2 years ago
wich is the most probable B target?
Reply
celescu Gavriel1
2 years ago
the answer is not easy, but i doubt B is below (5), 1180
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celescu
2 years ago
Wave B has been shorter than forecasted. Now In wave C (must have 5 minor waves) most probable is a retracement to 0,382 before proceeding to target around 1330
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mucahit06
2 years ago
that chart will change?
Reply
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