gold price fell as low as $ 1046 so the new bottom is a fact already if this is correct count wave c of y is either over we should expect a bullish reversal very soon this scenario would be confirmed when gold prices break the upper line of the endig diagonal
manijeh fantastic chart. We just topped at 1191 right in wave 4. Great call. I see this chart was posted 3 months ago. Are you still of the opinion we are NOW heading to wave 5 and wave C.
When do you expect wave 5 to bottom time wise? Anything you want to update to this chart or anything new?
Probably a Elliot wave in a descending triangle.
Not sure if this is accurate, but hope it helps re-enforce your theory.
Overall oil prices going south yesterday (7 Dec).
However, return-risk ratio is definitely higher if a LONG is place at this low.