wave ⓔ should also be triangular, wavelength (d) is a preliminary approximation only and this wavelength (d) affects wavelength (e) relative to (c) must be less. And at the same time, it must result in the sum of the 2+4 percentage retracing to be between 36%-41%.
the wave pattern is more likely to be Normal Flat than Triangle. The target wave IV (circle) is expected to be below the 138.2% fibo line.
as observed from the emergence of a new high. Wave IV (circle) is expected to end in a triangle.
Wave IV will likely form a common flat or elongated flat, But if there is a New Highs, it may be a strong-B Fault Break (expanded flat), which can cause elongated flat as well and if it's elongated flat, can open buy and placing SL at 33280.
with wave 4 ending in a triangle form at a retracing percentage of approximately 36%. The target of wave 5 preliminary is at a percentage projection of 41.4% where it collides with the trendline.
Xauusd may now be running at the end of wave ⓥ, this can be confirmed once it crosses fibo at 1.618, but if it fails it will either end of wave ⓥ or wave iv (circle) that has not completed its correction.
Wave update, should have completed the end of wave iii (circle) at 166.7% projection and entered the next retracement.
around the resistance line 1860-1880 and then throwback to continue uptrend.
Predict the downtrend should make the end of wave ⓒ of 3, then pull back to wave 4 before declining, make the last 5th wave of the downtrend to end wave ➁.
Expect a complete downtrend reversal. Where, in wave c of (V), the sum of retracing wave ➁+➃ = 60%, which is a new record.
Gold should have completed retraced wave ii (circle) and is starting to rise towards wave iii (circle), which can open buy orders.
US30 retraces deeply, so it is expected that be the end of wave (B) of ➂ and now initiating a wave (C) of ➂, targeting a projection pair of 123.6% vs. 223.6%. It will then retrace to the wave ➃ where the retracing percentage must be greater than 50% (for the sum of retracing% ➁+➃ more than 65%) collide at the support and trendline area as shown in the picture.
From observing the sum of the retracement of wave ➁+➃ > 65% is equal to 79% and wave ➃ must retrace above wave (B), so order entry is set as shown in the figure.
Wave ➁ may end in an irregular failure flat and react to the trendline. Where wave 5 of (C) is finished, or wave (v) of ⓒ of 5 may not be completed.
Because the impluse wave set is not properly proportioned and should be a retracing wave set as shown in the yellow band. So it can be confirmed that wave (IV) has ended in an irregular failure flat at 28%, which requires a complete review of wave 5 (red) as shown in the chart. Currently, US30 is making its final wave and targets around 36800 - 37300 before...
The latest downtrend is a sub-wave of 5 rather than 3 or an elongated flat, so the wrong count has been reversed and revised to wave c of (iii) of ⓐ of B. The erroneous position is the long green bar. It must be divided into 3 waves, not 5 waves, in order for the internal proportions to be correct according to the statistical value. * If Xauusd hasn't landed at...
Revised wave expected wave ➃ has ended at 41% with wave ➂ having completed its subwave within 5 waves at 176%. US30 is currently declining on wave ➄ of c of (IV), which is expected to finish at 38%-50% retracing which corresponds to 67%-85% wave ➄ projection.
Based on the Harmonic Elliott Wave count, BTC is likely to start making a ⓒ of 3 wave in a downtrend towards the target of 161.8% of the projection of wave 3 hitting the trendline. Then it will bounce back to wave 4, which the contraction ratio must be between 35%-56% . *** If wave 4 has already broken 56%, it is possible that this bearish wave count is wrong....