Hi there,
I obviously messed up something in my previous counts, I'll all check it one more time tomorrow though everything was going surprisingly well till say, today.
Did we reach the end of today's retracement? Perhaps. We'd have retraced a clean 50% of a cycle begun on January 4 and would be now in a new impulsive trend which wave 1 is done and wave 2 being...
Traders,
The high at 19,697 closed the 5-5-5 sequence ending primary wave (3) advance impulsive wave paving the way for a major correction. Wave (4) has since begun a counter-trend decline, taking the form of an expanding flat pattern, labeled (a) – (b) – (c), although the bigger corrective structure seems incomplete with the patterns projecting further...
The recent bearish move in Gold has seen price almost recovered the last gains. I think there is more room for price to rally further as the current dip looks corrective - a zigzag pattern. The last wave of the zigzag is a clear diagonal pattern. I am expecting a strong bullish move to break above the last high. If this wave count is correct, an even stronger...