FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
NEoWave analysis on XAUUSD             by Enayat Ashkian

Overal Pattern Type:
Correction
Wave ((A)) :
It is started after the triangle and formed a normal Zigzag pattern and completed after a triangle.
Wave (A) in ((A)) Pattern : Impulse trending
Wave (B) in ((A)) Pattern : Irregular Flat
Wave (C) in ((A)) Pattern : Impulse trending

Wave (B) / Wave (A) : About 35%
Wave (C) / Wave (A) : About 74%
(A)-(B)-(C) Construction : 5-3-5
(A)-(B)-(C) Pattern : normal Zigzag

Please discuss about this analysis, it's counting labels, targets, T/P, S/L and future patterns, moves and ... using your described charts by comment on this page.
Regards,
Enayat Ashkian
contact link: https://telegram.me/Ashkian
RabiHaruna we are having thesame thought.
Ashkian can you please answer those questions asked by RabiHaruna?
Reply
Ashkian forex0821
@forex0821, Of course
Reply
I think this area of knowledge has just began there are less contributions or group on the internet that discusses it because of it cumbersome.
But I think we can start something here.
Reply
Ashkian forex0821
@forex0821,
"I think this area of knowledge has just began there are less contributions or group on the internet that discusses it because of it cumbersome." : I am agree with you.
"I think we can start something here." : Good idea
Reply
Most we define a triangle at the end of some swing low or high?
+1 Reply
I doesn't semm to understand this statement
Wave (B) / Wave (A) : About 35%
Wave (C) / Wave (A) : About 74%
Can you elaborate please?
+1 Reply
Ashkian RabiHaruna
@RabiHaruna,
Wave (B) / Wave (A) : About 35% indicates how much wave (A) is retraced by wave (B), it is about 35%
and
Wave (C) / Wave (A) : About 74% means wave (C) length is 74% of wave (A)
Reply
Nice one Ashkian.
Learning NEoWave analysis too, I hope I will more from you.
Reply
Ashkian RabiHaruna
@RabiHaruna, Thanks for your feedback!
Reply
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