Gold short-term SELL setup
تم تحديثه
Arguments:
- trendline of 3rd (yellow) wave is broken.
- divergence in 3rd and 5th wave(green) tops(12 and 17 jan) inside 3rd wave extention(yellow).
- ABC (3-3-5) expanding flat pattern. wave B is still forming.
- wave (c) (inside B wave of ABC pattern) is a diagonal.
sell it when line conecting 2 and 4 wave's ends of diagonal(green) is broken,
wave C should be a 5 wave impulse or a diagonal.
wave C should correct extended wave 3(yellow) by smth like 38%, and should finished inside wave 4(green) of lesser degree.
after that wave 5(yellow) (up) should be.
Keep an eye on it!
Good luck!
- trendline of 3rd (yellow) wave is broken.
- divergence in 3rd and 5th wave(green) tops(12 and 17 jan) inside 3rd wave extention(yellow).
- ABC (3-3-5) expanding flat pattern. wave B is still forming.
- wave (c) (inside B wave of ABC pattern) is a diagonal.
sell it when line conecting 2 and 4 wave's ends of diagonal(green) is broken,
wave C should be a 5 wave impulse or a diagonal.
wave C should correct extended wave 3(yellow) by smth like 38%, and should finished inside wave 4(green) of lesser degree.
after that wave 5(yellow) (up) should be.
Keep an eye on it!
Good luck!
ملاحظة
there is an possibility, gold makes one more abc up(5th diagonal wave) before going down.
ملاحظة
looks like zig-zag pattern.flag breakout will be a confirmation.
gold may drop well below 1991
ملاحظة
possible scenarioتم فتح الصفقة
1991 target is reachednext one is 1174
تم فتح الصفقة
looks like gold completed corrective structure. أغلقت الصفقة: تم الوصول للهدف
I've just looked at my 1st gold idea. 
Original price target was wave C = 1.618 * wave A = 1180.7
looks like ABC correction(wave 4) is nicely done.
so, wave 5(up) unfolds.
targets for wave 5 are 1221 (100% of wave 1) and 1246 (161.8% of wave 1)
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