XAUUSD counts
I thought i'd post this. Would appreciate some feedback guys if you can.
My original idea was this thinking that we have just finished wave 5 of a zig zag for a 4th wave correction
I have changed the count. (iii) ends where (v) used to. I did this because now wave 3 goes beyond the high of wave 1 and you can see a clear 5 wave climb for wave (iii). If this is the correct count it means (v) was exhausted and couldn't make newer highs.
This new count means we could see in a zig zag or flat correction. Just have to wait and see. I think it will creep up for Friday. Then we will see another fall next week
My original idea was this thinking that we have just finished wave 5 of a zig zag for a 4th wave correction
I have changed the count. (iii) ends where (v) used to. I did this because now wave 3 goes beyond the high of wave 1 and you can see a clear 5 wave climb for wave (iii). If this is the correct count it means (v) was exhausted and couldn't make newer highs.
This new count means we could see in a zig zag or flat correction. Just have to wait and see. I think it will creep up for Friday. Then we will see another fall next week
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