OANDA:XAUUSD   Gold Spot / U.S. Dollar
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275 6
This is a sell SETUP based on EW. Short area 1255-1270, targets: 1165/1134. Details on the chart.
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We are at the same page mate ...


But we have to respect the EW Rule 3 to accomplish this top
Rule 3: Wave 4 can never overlap Wave 1.

We´re gonna make it !! ;)
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@RogerS, You are right, but that's the rule for impulse waves and not the corrective ones. According to this count we are in corrective structure right now (WXY) which seems to be a flat correction 3-3-5. The flat corrections are ending somewhere near to the previous top. Actually you have a very different count, but right now we are following the same path. GL to you bro!
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trading4fun trading4fun
@RogerS According Rule 3, why your wave 4 (1194$ - 03.2017) cross wave 1 (1220$ - 01.2017)?
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RogerS trading4fun
@trading4fun, you´re right mate, too many lines ! ;)
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Love it!
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trading4fun AlphaDreams
@AlphaDreams, Thank you bro! :)
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