TradingEW
Long

XAUUSD corrective pattern

FX:XAUUSD   Gold / U.S. Dollar
106 7 2
Gold             plunged right down to an invalidation level for an expanded flat correction .
Whether this correction wave count has been invalidated or it still holds, the PA since August 2013 top has been corrective and reasonably complete as a wave (b), waiting to be retraced by the next impulse wave (c).
Yeah, for upside move (we hit a very important level, which could hold) we need to see series of higher highs and lows. And not (of course) another break down...
+2 Reply
TradingEW sunmikee
Yes, of course.
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I've got different view and I think that we are close of the end of C (which is triangle ABCDE) and I expect start of impulse wave up number Vth :
snapshot
+3 Reply
TradingEW diamondekk
Great chart and very probable.
+1 Reply
diamondekk TradingEW
Thank you!
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webmiztriz PRO diamondekk
nice chart :)
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TradingEW webmiztriz
Thank you & EW works!
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