GOLD (B) WAVE LOW IS IN, WAVE (IV) RESISTANCE LEVELS CALCULATED
The trade here is a Bull rally until 1232.20. Then Bearish to lower lows.
Wave (ii) took 6 days and was a sharp Zigzag.
By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed).
It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag (or Triple Zigzag 11 swings if we're painfully unlucky) or or course a Triangle, but that doesn't look like it's forming just yet. But we are in a wave 4 situation, so Triangles are common.
In any case, Rally to 32.20 and then watch out below.
Wave (ii) took 6 days and was a sharp Zigzag.
By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed).
It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag (or Triple Zigzag 11 swings if we're painfully unlucky) or or course a Triangle, but that doesn't look like it's forming just yet. But we are in a wave 4 situation, so Triangles are common.
In any case, Rally to 32.20 and then watch out below.
Note
why won't Tview publish this? is it a server software bug?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.