1 minute ago
here on gold after running upside beyond that running flat on 4H/D1 i assume we will have a bigger degree correction now. so i think this is wave A from the correction and now can make running flat and proceed down or it can pull up to zones where it can be expanded flat and make nice cyper pattern which will give us good entrance. everything depends...
as stated in previous chart, this made running flat. all tho i was aiming for expanded flat.
so for now if this brakes and falls down below parallel line than we can label it as running flat. till its inside the lines it makes more complex structure.
with the previous chart (in comments) we got nice up movement which came to be last part of B wave and the price turned down for wave C.
since its going all by the book i will assume that it will be regular flat and will swing up at that red lower parallel line! BUT we must see the price movement at that lvl.
gold seems to making diagonal on daily tf. with braking the top the structure would be finished but where it will find the resistance and turn point i dont know, must check previous resistances at those lvls
After finishing that pink expanded flat which gave recognizable divergence on RSI, seems we r going up to that orange resistance! it gave nice cypher pattern all tho it didnt touch 0.786 fib. but was very close to it, now my expectations are that it will brake that orange resistance and will proceed down below the bottom! but we will know that when we approach...
in chart is most of the idea, and in lower time frames divergence will be spotted which will tell us the entrance, im long from 139.550 and will put trace stop after it passes TP2.. plss share in comments if u have something in mind..