hyryda

MASSIVE GOLD SHORT DROP!!!!! [WAVE 3]

Short
hyryda Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hi guys Wave 3 beginning for the big drop that i've been calling for a good month or so now. Finally i believe it is here. :)
HOLD this baby! Take profits when your'e comfortable to do so. Plenty of pips incoming. Will perform further analysis later. FOLLOW so that you can be up to date with it. I would really appreciate it also :) <3

Have a look at my other analysis chart ideas that i posted before for an idea.

I will try to post a chart idea in the Related section also.
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Please LIKE this analysis and follow me for future chart idea notifications, i would SO GREATLY appreciate it as i share my analysis in the future with you all and devote my life to this.
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If this is going to drop, it's almost set up.
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Momentum divergence and dropping
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We also hit the double top for a trend reversal in a critical zone.
Wave 2 complete. Wave 3 begins.
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30min. STRONG.
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Closer:
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On the bigger time frame, price dropped down and shooted back up. This indicates that we are STILL in a corrective and didn't begin the bigger impulse moves down yet.
If we could the ABCs we can definitely see this.
Now to see the image of the bigger time frame.
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This is also a similar in the sense of a fractal of the daily/weekly (Please see related idea below).
When this E point is complete i see falls.

Now if my count is incorrect and we are in the B point of an ABC correction up, then i'm looking for this move.
With E being the point of the yellow circle.

My count is showing me as the ABC being complete however i could be mistaken. I'll reanalyse when i can and correct anything if i see something different.
For now i must slowly get ready for sleep as i've had a lack of sleep lately due to staying up and scalping crpytocurrencies.

In case i don't post back tonight, i'd like to say goodnight friends :)
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Okay guys i see this as a good set up at the E point.
Looking for a movement down and hence creating a momentum divergence and what i believe to be the beginning of the Elliot waves down.
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3 taps, rejection.
Momentum Divergence setting up nicely if we continue down.
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Waiting for 15 min to close, FALSE BREAKOUT so far.
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Strong. This is a short signal to me.
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This is my count.
I'm hoping 5 and last ends here so we finally see that drop!
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This count is for the C leg alone (which should be the last bits of the move, granted that my bigger time frame analysis is ALL correct).
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MACD divergence occuring...
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The next 5 minutes - 10 minutes should indicate and strengthen this idea.
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3min macd waiting for it to crossover.
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I like this set up. Count possibly complete, Momentum Divergence on the 5 min.
Double top reversal Pattern, touched out trendline.
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Looking pretty solid so far. Touchign the 50-61.8%. 3 taps off the new DOWNWARD SLOPING trendline.
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