thenry
Short

Correction Down not Complete (Elliot Wave Count)

FX:XAUUSD   Gold Spot / U.S. Dollar
297 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 .
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.
Reply
thenry YngvarAmundsen
Yeah if that price holds looking for a 5 wave move down ("C wave")
Reply
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.
Reply
thenry YngvarAmundsen
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.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out