Idea for Gold @ 7th Nov. 2023
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I supposed that we are in the countertrend pattern, which is wave B with big degree
and the current move can be sub-wave c and it can be devided into 5-waves
OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B
But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart.
the target where I look into, 1st is breaker, last one is fair value gap, 2 POIs that I am instersted in.
and the current move can be sub-wave c and it can be devided into 5-waves
OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B
But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart.
the target where I look into, 1st is breaker, last one is fair value gap, 2 POIs that I am instersted in.
Note
The first target is coming...Note
Good Profit, the 1st target is hit
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