ELLIOT WAVE ANALYSIS-MORE BULL RUN AHEADS

٦ نوفمبر

Dear Traders,

Gold price is in correction and forming wave (iv).

After that it will lead an impulse wave (v) which will be our priority to open position.

٧ نوفمبر

تم فتح الصفقة

٧ نوفمبر

ملاحظة

If the price does not break the High of "B" within 15 bars in 4 hour chart, then we will consider this move as "X"

That means blue (abc) will become our first correction wave ''W''

So it will lead to double correction then.

٧ نوفمبر

ملاحظة

٨ نوفمبر

ملاحظة

Seems like price is forming a double correction pattern.

٩ نوفمبر

تم إغلاق الصفقة يدويًا

I have closed my long position yesterday.

I will update a new correction draft today.