Gold daily chart-level wave counting and entanglement theory deduction: Before changing the background today, it is clearer and clearer. It has been changed since the analysis of the weekly chart last night. The view remains unchanged from November 5, 2022. Think through the whole idea again, the double three-wave WXY that gold has gone since the highest point of 2070 fell in 2022 was corrected into a white C wave, and the entire fourth wave ended at 1614.6. At that time, the end wedge that I analyzed here bottomed out and the first wave on the right would lead the wedge upward, that is, the fifth wave began. My detailed analysis is as follows:
The first wave: 1614.6~1729.6 is white. The first wave is yellow. The first wave has three important characteristics: First, the market momentum is weak. Slightly enlarged but still low, the price of gold generally rises slowly, and the increase is generally not too large. Moreover, after the previous downward trend, it is difficult for the market to confirm this wave of gains in the short term, and many believers in technical analysis are still waiting and watching. )
The second wave: 1729.6~1616 is white. The first wave is yellow. The second wave; Doubt whether the new impetus wave has really started. It can be said that the emergence of the second wave is a pretentious, fake tiger's prestige. Inject fear into the hearts of investors and form a momentum that gives people the wrong feeling that the first wave The starting point of the first wave, that is, the previous low point will soon fall. In fact, as long as the low point of the second wave has not been lower than the starting point of the first wave, it can still be accepted as the second wave. In the futures market, the bottom of the second wave There are countless examples where the difference from the starting point of the first wave is only 3 or 5 price points. In the current market trend chart, if the first wave is relatively short, the second wave will often be adjusted close to 100% of the first wave.)———— The chart is very consistent, it has pulled back to 1616, the starting point of wave 1 is 1616.6
The third wave: 1616~1787 is white. The first wave is yellow. , most of the rise occurred in the third wave of the market. Gap is a common phenomenon in the third wave, which can help confirm the existence of the third wave. The third wave can be divided into five waves of the lower level .From the chart it is the strongest, but it does not extend. The third wave can never be the shortest impulsive wave. In other words, the third wave must be longer than the first wave or the fifth wave. The actual situation shows that, The third wave is usually the longest wave in the impulse wave. The third wave can be the same length as the first wave, in which case the fifth wave can be an extension wave. The third wave often alternates with the fifth wave Go on, since there is no third wave extension, all fifth waves are extended.)
The fourth wave: 1778~1727 is the fourth wave; (the fourth wave is unpredictable: the end of the fourth wave has the following four possibilities: (1), adjust 38.2% of the third wave; (2), take back Within the range of the fourth wave of the lower level, that is, the fourth wave of the third wave; (3), if it appears in a flat shape or a zigzag, the length of the c wave and a wave will be the same; (4), It may be the same length as the second wave, and it will also alternate with the second wave.) --- Due to the complexity of the second wave ahead, all the fourth waves are simple and end quickly.
Wave 5: 1727~ Now it is white. Wave 1 is yellow. Wave 5 is yellow. Wave 5 is yellow. Out of the extended five-wave structure, the sub-waves are green ①②③④⑤ waves, and the correction of the green fourth wave analyzed a few days ago ended at 1900.
From the point of view, gold is currently in the inner white segment b of the blue c segment of the weekly chart analyzed yesterday.
The first wave: 1614.6~1729.6 is white. The first wave is yellow. The first wave has three important characteristics: First, the market momentum is weak. Slightly enlarged but still low, the price of gold generally rises slowly, and the increase is generally not too large. Moreover, after the previous downward trend, it is difficult for the market to confirm this wave of gains in the short term, and many believers in technical analysis are still waiting and watching. )
The second wave: 1729.6~1616 is white. The first wave is yellow. The second wave; Doubt whether the new impetus wave has really started. It can be said that the emergence of the second wave is a pretentious, fake tiger's prestige. Inject fear into the hearts of investors and form a momentum that gives people the wrong feeling that the first wave The starting point of the first wave, that is, the previous low point will soon fall. In fact, as long as the low point of the second wave has not been lower than the starting point of the first wave, it can still be accepted as the second wave. In the futures market, the bottom of the second wave There are countless examples where the difference from the starting point of the first wave is only 3 or 5 price points. In the current market trend chart, if the first wave is relatively short, the second wave will often be adjusted close to 100% of the first wave.)———— The chart is very consistent, it has pulled back to 1616, the starting point of wave 1 is 1616.6
The third wave: 1616~1787 is white. The first wave is yellow. , most of the rise occurred in the third wave of the market. Gap is a common phenomenon in the third wave, which can help confirm the existence of the third wave. The third wave can be divided into five waves of the lower level .From the chart it is the strongest, but it does not extend. The third wave can never be the shortest impulsive wave. In other words, the third wave must be longer than the first wave or the fifth wave. The actual situation shows that, The third wave is usually the longest wave in the impulse wave. The third wave can be the same length as the first wave, in which case the fifth wave can be an extension wave. The third wave often alternates with the fifth wave Go on, since there is no third wave extension, all fifth waves are extended.)
The fourth wave: 1778~1727 is the fourth wave; (the fourth wave is unpredictable: the end of the fourth wave has the following four possibilities: (1), adjust 38.2% of the third wave; (2), take back Within the range of the fourth wave of the lower level, that is, the fourth wave of the third wave; (3), if it appears in a flat shape or a zigzag, the length of the c wave and a wave will be the same; (4), It may be the same length as the second wave, and it will also alternate with the second wave.) --- Due to the complexity of the second wave ahead, all the fourth waves are simple and end quickly.
Wave 5: 1727~ Now it is white. Wave 1 is yellow. Wave 5 is yellow. Wave 5 is yellow. Out of the extended five-wave structure, the sub-waves are green ①②③④⑤ waves, and the correction of the green fourth wave analyzed a few days ago ended at 1900.
From the point of view, gold is currently in the inner white segment b of the blue c segment of the weekly chart analyzed yesterday.
