following previous chart counts (in comments) this correction comes out with a bit more complicated structures. as black wave A shows 3 wave structure and in wave B there r 5 wave structure, than this last C wave i suppose will be 3 wave structure as well. as its shown in chart wave A of the black C wave came out as complicated as it can be and tricked a lot of...
from the other view in downward continuing which wasnt taken in consideration cose that blue motive thought it will be part of a bigger structure, but as continuing and the correction that im seeing now in that filled orange parallel lines looks like running flat cose on smaller time frame now it is in last wave from a diagonal with which correction will be...
this may be become more complex D wave of a diagonal. looking at the first corrective wave B of the diagonal as timeline than this D wave cant be just that upmove it has to have more...
this looks like diagonal or running flat before going more down...
this represents the simplest correction! however it doesnt necessarily needs to look like this, but as long it consolidates above that horizontal line than we r going some more up to brake the 1.157 top, and well see if this is the last move from that bigger time frame diagonal.
that last structure looks like its finishing the correction as running flat. for now it have all proper length of fractals to be as running flat and im expecting to proceed up from here, BUT maybe it will make more complex structure!
since this long move is at the end looking at 4H or daily, and maybe here will be turning point?!? that cypher pattern points very short SL, so.. in this last move C of the correction should show divergence... all tho that long move in bigger time frame might not be over and this goes much higher!
after finishing this motive wave down, we will see what kind of a correction it will start making.. or this can be just a second wave of a diagonal which may turn way up. but about that when we get there...
as a correction starts im spotting small running flat and divergence, so im thinking its gonna brake the top but not gonna go much more.. (it looks like motive which for now indicates on several possible corrections) and will turn to test the bottom before turning up again to finish the correction and since it is a big down move on daily the correction may be much...
from the bigger time frame chart im long on gold but this is just ending of its pullback and first needs to brake the low now before it goes higher.
heres another view for that complex correction where we r now, following the forms of the entiretys it looks like we might head to another complex structure to form that black abc count for a couple of days, before finally got that bigger drop.
everything gone perfectly according to plan... now im expecting another boring correction in next couple of days before bigger drop down.
after that steep move down correction must follow, but what structure will it form is very difficult to assume. as for now i see 1 complete structure in form of a diagonal and that may be wave A and drop down for wave B (orange arrows), OR that is just a smaller time frame A where correction may follow as per turquoise color and go for next part to finish wave A...
complex corrections and looking where we r that C wave looks finished eve tho it can go up some more but then going down to brake the low...
looking at daily chart shows that we r ending 4th wave or wave D of a diagonal. it could have some more up but on smaller time frame that structure looks enough like it is, and on this time frame we can spot the motive and correction which i think will be diagonal and both points down. so is this gonna be highest point for long time that comes i dont know maybe...
complex corrective pattern! since it broke the bottom with wave B than it would make running flat or in this case i believe it will make expanded flat with breaking the top and up to near that red line which will finish the whole structure and big drop will follow. now for making the wave C i have no idea which structure will make to there, so ill take a guess...