GOLD EW COUNT AND 'A' WAVE RALLY TARGET AT 1219.67
The C wave Expanded Flat posted earlier in May has been playing out. Rather than continue to update the original post, I'll try and switch to this shorter time horizon format with individual ideas.
Assuming a simple 3 wave advance, wave a up highs should come in just under 1220. A b wave low will likely follow, but no telling if that b wave down will take out the lows to form an expanded flat structure, or stay within the lows.
The trade here is on th 5 and 10 minute charts, staying long into 1220, and then shorting into the b wave down.
Once the a wave up puts in ending milestone formations, I'll be able to calculate b wave low target(s).
Assuming a simple 3 wave advance, wave a up highs should come in just under 1220. A b wave low will likely follow, but no telling if that b wave down will take out the lows to form an expanded flat structure, or stay within the lows.
The trade here is on th 5 and 10 minute charts, staying long into 1220, and then shorting into the b wave down.
Once the a wave up puts in ending milestone formations, I'll be able to calculate b wave low target(s).
Commentaire:
Tview not posting this chart