second alternative within possible larger 1 2 base count.... so many scenarios we cannot know 100% only the targets. This in this case see 1877 ish as another low that cannot be ruled out. The resounding plan is to buy dips
Another alternative count, must be said these are possible scenarios and not 100% it will follow the target remains at least 2500 with a possibility of more. How we get there is multiple scenarios. This one is very much similar to the covid break out and would take many surprise be aware.
possible scenario same target going back years enjoy gold bull :)
same plan slight update, dips should be bought. We could st,ill be in ending diagonal or simple 5 waves of 5 doesn't alter the direction or targets.
same plan dips bought while most now bearish accumulated ready :)
weekly update slight alternative count. An expanding leading diagonal could be developing targeting 1910-13 d to area
resistance now support a push to 27 could be on ready to test d top and complete first cycle of 5th wave at 2075
elliott wave count possible route and latest probability lets see what happens :)
given current count and extension targets we get a path like this
possible route upto 2023 so many paths to take 2500-2600 is the target good luck to all bulls
can we break out we can accelerate with impulsive waves before ending diag slowly ending
nice break of triangle now we can see some bearish divergences on lower tf. We can see a test of 1801 and 1783 as ultimate support. Above 1830 is the next resistance to open targets of 1900-60.
rsi lesson looking at bigger picture this is one of the best indications you can get! text divergence on higher tf
simple chart breakout retest of June resistance cant get much simpler than this :)
was nice drop but signs of bear weakness so far volume shows accumulation on dips. Although I had expected 1730 may come again bear isn't strong enough. 1783 is pivotal and above the big one is 1860 bull confirmed above. So far this looks possible lets see how she plays
monthly overview lot of information here some wont quite get it lol
next target 1950-60 big level watching 1783 holding and if not expect 1730 test. Given the volume and reaction to break out tl we good to go higher IMO