herdelphiniums

herdelphiniums

The long and winding correction seems over. We should print new highs in the next coming months.

herdelphiniums

My updated wave counted in GOLD. Looks like we have an ending diagonal forming in set of 3s. 1280 area could be tested before the drop.

herdelphiniums

One more leg up before the big short

herdelphiniums

One more leg downnnnn. Details on chart

herdelphiniums

Details on chart!

herdelphiniums Updated 

Breakout of downtrend channel. Retracement should be done. Upside target 1278/1305

herdelphiniums

Preferred count in blue. Should test 1220/5 area.

herdelphiniums

Based on the wave count, we should be finishing wave A tonight. PA appears to be in a triangle right now, if we break triangle target should be targeting 1180/1181 zone. Then we bull up in 3 waves pattern for the B leg of the correction. GL!

herdelphiniums

we should see a relief rally for gold soon. watch 1207 area, or at channel's TL.

herdelphiniums

My preferred count still in blue. But let's see.

herdelphiniums

Details on chart. Looks like we just completed a leading diagonal.

herdelphiniums

Looks like a big bull flag. To be safe long after breakout of this green channel. I still believe in another 5 waves up.

herdelphiniums

We need to reject this blue TL, if not UJ would have bottomed and this could be the possible count.

herdelphiniums Updated 

Wave Y of Z coming. Should end in a 3 waves fashion.

herdelphiniums

Since wave 4 cannot overlap wave 1, I think this wxyxz count is more appropriate than my prev post, given today's deep retrace. If wave Y =Z, we tag 84 1.618 of the prev move from 1122-1220 @ 1278. Hence these will be the two areas I will be watching for reversal!

herdelphiniums Updated 

As expected from my last post preferred blue count played out well. Price bounced from purple line and headed higher. Waiting for retrace for more longs provided blue channel don't break.

herdelphiniums

There are two possibilities for gold right now, either we bounce off purple line following the preferred blue count or should be going down for C wave in pink count. So watch for price action in green circle zone!

herdelphiniums Updated 

Long the breakout