XAUUSD, An Amazing Moves in wave C (yellow) within 1 day! Gold's Wave C (Red Circled) is an expanding ending diagonal pattern.
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
BTCUSDT is in a downtrend now to fill the corrective wave-A in a broadening structure, which suggests by the wave count that we are in the terminus of a micro wave-ii, thereby the expected retrace can reach 27750 in the rest of the day, i.e. I'm predicting a extensive wave-(V) in a expanding ending diagonal (broadening wedge formation).
Expanding diagonal ending at potential right shoulder peak below volume POC.
USDRUB Complete the Monthly Wave 5 with Expanding Ending Diagonal. Now we have correction ABC or Downtrend with 5 Waves
Gold possible forming an expanding ending diagonal pattern as highlighted zone.
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts... Disclaimer
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts... Disclaimer
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts... Disclaimer
..2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
P/s. To have more "consistent" Elliot Wave Counts.. Unlike Text Book written Elliot Wave Theory :- There is 5 sub-waves in any Impulsive Waves .. Traders are advised to label ONLY a-b-c 3 Sub-waves on ANY Impulsive Waves...
GOLD wave iv ( Cyan /Light Blue) having pullback which is much deeper . Price seem hold at the lower line (cyan/light blue dotted) of wedge /expanding ending diagonal pattern.. Long Gold until around 10 Nov 2021 (The Next Due daily Cycle) toward around 1870 till around 10 Nov 2021.. 1870 Price Zone are :- 1) The yellow(dotted) downtrend resistance.. 2) Next...
GOLD may form a running flat pattern in wave iv (cyan /light blue) .. Where price may have deep pullback till around 1788 at 1) 1 hour 233 EMA (white) AND 2) Lower Trend line Support (Dotted cyan ) of Wedge/ Expanding Diagonal Pattern..
GOLD may form an expanding diagonal pattern in wave (c)(Red). Long Gold @ around 1780, Stop Lost at the low of wave ii (cyan/light blue) @ 1766.72...Target Profit at around 1845...
GOLD intraday structure seem forming an expanding ending diagonal in wave c (Green Circled).. AND Meant possible, we are just at the " half portion" of sub- wave 1 (yellow) of impulsive wave (C)(Cyan/light blue).... Stop Lost for long at 1779. Target Profit at around 1860 on long term down trend line (red dotted).
Gold Short at around 1815, Stop Lost at 1834... GOLD possible is forming an expanding ending diagonal in wave (C)(Cyan/Light Blue). Where the terminal of wave (C) could reach at around 1580. A Confluence Zone of 1) Weekly 233 EMA line 2) Lower Parallel Line of Channel 3) Lower Support Line of Expanding Ending Diagonal Pattern 4)Weekly Trend line Support 5) Next...
GOLD possible forming an expanding bullish triangle pattern now at wave b (Green Circled) where price still consolidating AND Gold price will be having possibility "return back" to 1790 Zone again after breaking recent high at around 1834 As previous many daily bar closed above 1790 with long wick. ALSO we might be having "Roller Coaster" ride trade in gold in...