2.We are waiting a correction down to the bottom of the channel on the
3.The precise turning point is hard to say ,but there are 3 price level which will be a great pressure on the 4h chart
Onde again the harmonic analysis shows its power,but i don't mean that other methods are invalid.
Instead,many ways will lead to Rome,right
In this case ,we use the Elliott Wave counting as well,
The chart below shows a Gatterly Pattern this afernoon in Gold's 1h chart.I don't close my short trade because of this harmonic pattern.It'is because a Larger harmonic pattern is still running,and the wave count is not right.
The failure of this Gatterly shows the price is very weak to go any high above 1232