ââ Preferred count
â XAUUSD (OANDA), đTF: 1D
Fig.1
The wave count on the quarterly and monthly timeframes has not changed. You can refer to the previous review for clarification in determining the current market position. Here.
Wave X of (3) within the diagonal âž of I will probably take the form of a contracting triangle. In the triangle, growth is expected in the form of a single zigzag â.
___________
â XAUUSD (OANDA), đTF: 6h
Fig.2
Wave â of X is at the final stage of development of zigzag (a)-(b)-(c).
The critical level of the preferred wave count is the top of the intermediate wave (2), "invalid." level . The breakdown of this level will exclude the counting of wave X in the form of a triangle, and an alternative count will come into effect.
___________
â XAUUSD (OANDA), đTF: 20min.
Fig.3
It is expected that the wave v of (c) of â will take the form of a ending diagonal.
___________
___________
ââ Alternative count
â XAUUSD (OANDA),đTF: 1D
Fig.4
The alternative count advocates a deeper correction within wave (2). The down wave, which originates from the August high of 2020, can be represented by wave A as an initial expanding diagonal, followed by wave B as a double zigzag âŠ-â§-âš. If this assumption turns out to be correct, then we expect a further decrease in impulse C with a target in the blue channel.
___________
â XAUUSD (OANDA),đTF: 6h
Fig.5
Before opening a short position, it is necessary to wait for the completion of the upward correction in (ii) of ((iii)). Perspective trading setap â on breakdown of top b of (ii), in case the wave (ii) will take the form of a single zigzag or flat.
___________
Disclaimer:
â The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
â XAUUSD (OANDA), đTF: 1D
Fig.1
The wave count on the quarterly and monthly timeframes has not changed. You can refer to the previous review for clarification in determining the current market position. Here.
Wave X of (3) within the diagonal âž of I will probably take the form of a contracting triangle. In the triangle, growth is expected in the form of a single zigzag â.
___________
â XAUUSD (OANDA), đTF: 6h
Fig.2
Wave â of X is at the final stage of development of zigzag (a)-(b)-(c).
The critical level of the preferred wave count is the top of the intermediate wave (2), "invalid." level . The breakdown of this level will exclude the counting of wave X in the form of a triangle, and an alternative count will come into effect.
___________
â XAUUSD (OANDA), đTF: 20min.
Fig.3
It is expected that the wave v of (c) of â will take the form of a ending diagonal.
___________
___________
ââ Alternative count
â XAUUSD (OANDA),đTF: 1D
Fig.4
The alternative count advocates a deeper correction within wave (2). The down wave, which originates from the August high of 2020, can be represented by wave A as an initial expanding diagonal, followed by wave B as a double zigzag âŠ-â§-âš. If this assumption turns out to be correct, then we expect a further decrease in impulse C with a target in the blue channel.
___________
â XAUUSD (OANDA),đTF: 6h
Fig.5
Before opening a short position, it is necessary to wait for the completion of the upward correction in (ii) of ((iii)). Perspective trading setap â on breakdown of top b of (ii), in case the wave (ii) will take the form of a single zigzag or flat.
___________
Disclaimer:
â The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
đ ĐĐŸĐ»ŃŃĐ” Đ°ĐœĐ°Đ»ĐžŃĐžĐșĐž ĐČ Telegram: t.me/freetradelife
đ ĐĐ”ŃĐŸĐŽĐžŃĐșĐ° (Elliott Wave Guide): t.me/elliottwaveprincipal
đ ĐĐžĐ±Đ»ĐžĐŸŃĐ”ĐșĐ° (Ellott Wave Archive): t.me/biblioewa
đ Premium: t.me/freetradelife_premium
đ ĐĐ”ŃĐŸĐŽĐžŃĐșĐ° (Elliott Wave Guide): t.me/elliottwaveprincipal
đ ĐĐžĐ±Đ»ĐžĐŸŃĐ”ĐșĐ° (Ellott Wave Archive): t.me/biblioewa
đ Premium: t.me/freetradelife_premium