looking at a possible decline in gold from 1244 to 1232. On a 30 minute time frame I am looking at the end of wave 2 of an Elliot wave ABC correction and the start of wave three with a possible target of 1232.37. We will see though. I got my ass kicked today on my stop for point A of the last ABC pattern on my last trade. Entered at 1242.55 and had my stop at 1246.03 with a price tgt of 1238.00. Price went to 1246.18!!!! killed me!!
Order cancelled:
well that didnt work out. In retrospect it appears that was a reverse head and shoulders pattern forming that I missed.