l.pro

4 of 5 of A is still in progress

FX:XAUUSD   Gold Spot / U.S. Dollar
Hi guys,

I know that could be unpopular idea, as many seems to count Friday's move to 1280 as 5 of 5 of A. I cannot do that, as that Friday's move from 1253 to 1280 is a clear 3 wave structure on 5 m chart (sorry, TV not allow to post 5m charts here, but you can check yourself). To count that move as 5 of 5 of A is against EW rules... So...

Here is my idea... I think 4 of 5 of A is still in progress... We going to see the end of zig-zag for 4, and then another thrust to upside that will form 5 of 5 of A.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.