Trading_Jazz
Long

(D) The Precious at the forge // IF=THEN ®

FX:XAUUSD   Gold/U.S. Dollar
FX:XAUUSD            

This can be part of another corrective wave like an ABC, synced with an eventual ABCD pattern , to then sink again, and in that case we can sell the structure ("channel") breakout.

OR it can be the start of wave 3 of a 5 of an impulse, that will send the price to go test the previous structure "channel" from weekly chart. - you can also zoom out on daily ;) to check that.

iMPULSE LEG:

Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 );
wave 5 = wave 1


CORRECTiON:

Wave A = usually around the 50%/61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A ( AB=CD )
161% ext Wave A
262% ext Wave A

Safe Trades;
https://open.spotify.com/track/511IqVVwoTtJ9LO8833ufv
Training Sessions:
Mentor @ http://www.uvesty.com/mentorings/34-andre-pinto-cardoso

Educational Videos: https://youtu.be/0adc-hwvmQM

(for 1-1 mentorship - just whisper me at Skype Trading Jazz)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out