XAUUSD W1 Long And Short Term Outlook.
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In this idea I'm going to cover my Analysis from the monthly right down to the lower timeframe's so checkout all the ideas to get the complete picture thank's.
MN We have an impulse up, pink wave Y with no bearish divergence and an impulse down, yellow wave A with the possibility of bullish hidden divergence. Currently were in a complex wave B with no internal or regular bearish divergence. It's important to note we do have the potential bullish hidden divergence and the high can be broken in a B wave for a running or expanding flat. At this stage I think its unlikely the top will be broken unless we get an extended wave Z on the W1 but I defiantly can't rule it out and it still will be a B wave, price action is clearly showing that.
MN Chart.
W1 We have 5 down and 3 up with no bearish divergence so I can't rule out the Z up for a more complex correction. There is no conformation that wave Y is over at this stage.
D1 and lower timeframe ideas to come out in the very near future so be on the look out.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
MN We have an impulse up, pink wave Y with no bearish divergence and an impulse down, yellow wave A with the possibility of bullish hidden divergence. Currently were in a complex wave B with no internal or regular bearish divergence. It's important to note we do have the potential bullish hidden divergence and the high can be broken in a B wave for a running or expanding flat. At this stage I think its unlikely the top will be broken unless we get an extended wave Z on the W1 but I defiantly can't rule it out and it still will be a B wave, price action is clearly showing that.
MN Chart.
W1 We have 5 down and 3 up with no bearish divergence so I can't rule out the Z up for a more complex correction. There is no conformation that wave Y is over at this stage.
D1 and lower timeframe ideas to come out in the very near future so be on the look out.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
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