Hi I did not like my previous count so I decide to count waves again u know there are many probabilities We are in a sensitive position if primary X can penetrate 5 primary and make a new high this count is failed
As i noted in my earlier analyse Its a Bullish way for the gold till reaching (E) any bullish movement is temporary and chance to go Short this h&s pattern for gold got trend these days and its reliable I like to put my buy trigger under 1277 please don't forget the stop loss it may touch the top of contracting triangle
Bullish its just a probability in order to complete my recent analysis
There is no doubt you should belive in your analysis but it doesn't mean to have no Plan B in Ew method u can count waves in different views depends to big market indices,volumes,market sentiments,multiple timeframes and ... in this chart i show you two models of counting 1.I counted 4th wave as a contracting triangle and its telling us to go short 2.the 4th wave...
Its just a probability i like to see in future For the start of counting waves i chose 220 at 1987 after the deepest correction till that time(about 30%)
Ive been Counted waves of ripple before you can see it on my Profile