Gold Elliott wave update. 02.09.2020

All
this is what i think. just hold and wait so I can make sure the triangle is gonna confirm
there are several counts possible but this is the one has more chance
I am long in big picture but we might have some more pullbacks.

Commentaire:

we have 2 senarios based on different counts of the triangle
in both cases we are expecting an uptrend
I bought gold. when it goes up move you stop loss up to protect loss. if it breaks the triangle then you are winner, if i gets to wave e as I expect you will break even on the down trend

Commentaire:

perfect, my long position closed break even.
I am still expecting a higher wave E but that could also happen
don't short until the conformation level is hit

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I think wave E will be a triangle itself

Trade fermée manuellement:

the triangle is confirmed