thenry
Short

Correction Down not Complete (Elliot Wave Count)

FX:XAUUSD   Gold/U.S. Dollar
295 4 7
Believe we are currently in a 4th wave of a larger "C" wave up. Looking for an ABC down to complete this correction. If right should get an Extended 5th wave for new highs to finish the major "C" wave. Then Bearish .
YngvarAmundsen
3 months ago
Could wave 4 in this abc correction be trunkated?
I´m thinking if we are in strong bull centiment, then I don`t beleve we will go under 1320 again in this bull.
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thenry PRO YngvarAmundsen
3 months ago
Actually I have changed my mind again.Feel the correction I have marked on chart is right (ABC) Currently we are in the "B" wave which should come close to my target. Followed by a "C" wave down (That target will be fairly close as well).Now think this is a minor wave 2 (Not a "4" wave) Once the 3rd wave begins we will be in the third wave of Wave #3.
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YngvarAmundsen
3 months ago
I´m wery impressed if it turn downwards now.
Then you are spot on and this is a wery good wave coun´t both in time and amplitude prediction.
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thenry PRO YngvarAmundsen
3 months ago
Yeah if that price holds looking for a 5 wave move down ("C wave")
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