l.pro

4 of 5 of A is still in progress

FX:XAUUSD   Gold Spot / U.S. Dollar
154 0 7
Hi guys,

I know that could be unpopular idea, as many seems to count Friday's move to 1280 as 5 of 5 of A. I cannot do that, as that Friday's move from 1253 to 1280 is a clear 3 wave structure on 5 m chart (sorry, TV not allow to post 5m charts here, but you can check yourself). To count that move as 5 of 5 of A is against EW rules... So...

Here is my idea... I think 4 of 5 of A is still in progress... We going to see the end of zig-zag for 4, and then another thrust to upside that will form 5 of 5 of A.
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