As you may be aware, my view on gold has changed. (See related idea below)
So we have the classic E wave V-Shaped recovery and even though it's not a typical leading diagonal, it's advances are in 3 waves.
Blue Wave 1 is not yet complete as we are still working within a complex Wave iv correction which displays alternation between Waves ii and iv.
Wave ii was a simple correction and iv is more complex and lengthier which seems to be normal for these moves.
There is still more of the Red E Wave to go in an expanding ending diagonal before we see a completed Wave iv.
This will then be followed by 3 waves up in Wave v.
We should then see a sharp brief correction but we will cross that bridge when we get there.
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So we have the classic E wave V-Shaped recovery and even though it's not a typical leading diagonal, it's advances are in 3 waves.
Blue Wave 1 is not yet complete as we are still working within a complex Wave iv correction which displays alternation between Waves ii and iv.
Wave ii was a simple correction and iv is more complex and lengthier which seems to be normal for these moves.
There is still more of the Red E Wave to go in an expanding ending diagonal before we see a completed Wave iv.
This will then be followed by 3 waves up in Wave v.
We should then see a sharp brief correction but we will cross that bridge when we get there.
Please LIKE and FOLLOW to get notification of updates and future posts.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.