XAUUSD (Gold): * In the correction of wave 4 as Symmetrical triangle * Length between apex and base is 36 days. so, maximum time of breakout is at 75% i.e. at 27 days. * Fibonacci Extension is 0.78% i.e. 1795 USD * Wave 4 must not reach the high of wave 1 i.e. 1640 USD. * Theory of alternate correction ( Wave 2 is simple so wave 4 must be complex). * Wave 5...
Gold Might be in a Long term Correction ( ABC ) from 2011
Rising Wedge consists of 1,2,3,4,5 waves . Near the breakout . Its just for study purpose. please don't trade .
Sensex ( index of BSE) : * Zigzag Correction (ABC) * Rising wedge * B is at 38.2% Retracement * Divergence in MACD and Price * ADX near the 29 level Conslusion: There might be a downward breakout in the Sensex. for the continuation of Correction of ABC. Thank You. Swash Analysis.
Rising Wedge pattern during the Corona Virus Pandemic. Wegde pattern might Breakout .