Falling of x wave started from the defined area but its not logical that if takes longer time than this.
With breaking out the resistance area of 1430$ a lower time uptrend will bring the price to area of 1500$ and personally im agree with this idea.
With breaking out of important support (1385$) monthly uptrend of gold will be changed to...
From price perspective wave E can be bigger than C and it can go to under 1.23.
In addition, time of A & D waves also B & D waves are similar to each other. In diametric 5 waves are similar to each other and 2 waves are different so i think wave E will have lower time like B and C and will end in 1 or 2 weeks.
Also, wave F can have lower time with 600 pips...
If waves detection is correct it means major correction has been ended and new rally has been started which will be continue for some monthes.
If bitcoin doesnt go under 7500$ we will work with this scenario.
Bitcoin compensated 80% of 2018 major drop untill now but regarding to our analyse this is the start point of this compensation.
Be aware that this is...
3 correction waves have been created in wave E untill now.
Completion Time of wave C is very lower than wawe A, if we change the starting point of wave A, completion time of wave C will be around of august and we cannot accept that the sharp move will be the end of the wave.
Also from price perspective, it seems that we will have correction from 1430$ as wave X...
For perennial move of gold we decided to label it as wave B flat with minimum target of 1445$.
Regarding to time and strong move proportion of wave e, diametric pattern is valid with a few changes in channel structure.
Due to similarity of wave e and wave c and structure of lower time frame, it seems that wave e still continue and trend for next 1 or 2 months is...
In pervious chart we expected a rising sub wave but with current dump symetric shape is completed probably we will see more dump in next six months
For confirmation we should see the price below 1.31
Any pullback to 1.3350 is a SELL position
We will update the chart in lower times in coming days
Moved as per the analyzed chart
Expecting a minor growth from this area upto 8200 levels and after completing the triangle pattern, will start with a bigger correction soon.
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