breaking below acceleration channel will confirm the end of subdivision 3(5) and enter corrective phase for a while. Market should find support for wave 4(5) at the yellow box as seen in the chart in the base channel. 
XAUUSD
once the acceleration channel broken down, consider the play of wave 4.
trade idea: short term sell targeting yellow box.
long term buy following wave 5 somewhere at the yellow box. wait for price action
to confirm bullish action.
XAUUSD once the acceleration channel broken down, consider the play of wave 4.
trade idea: short term sell targeting yellow box.
long term buy following wave 5 somewhere at the yellow box. wait for price action
to confirm bullish action.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.