Final_Trader

Final_Trader

amove past the b posiont would see me look for buy entries for wave 5

Final_Trader

i have been waiting for point B to be broken .after which i will confirm a smaller 5 wave move after which an abc correction.from here i will be lookinng for llong entries either trading a third of third orthird of c

Final_Trader

I WOULD SAY THIS IS A PERFECT EXAMPLE OF AN ENDING DIAGONAL BEFORE WE CONTINUE ON THE DOWNSIDE.PERSONALLY I AM EXPECTING A LARGE MOVE TO THE DOWNSIDE AS MY WAVE COUNT INDICATES A THIRD OF A THIRD WAVE IS WHERE WE ARE

Final_Trader

down trend seems to have started with a sequence of a clear 5 wave move think the correction is over and we should see at least one more five wave decline

Final_Trader

i have good reason to believe we are in the forth wave correction in the dji .to put this point across 1.clearly we can see that the three waves between this purported triangle have each three waves.initially i had seen this as a probable double zigzag but the third abc move should have been an impulse 2 i could not find a completion of the previous uptrend...

Final_Trader

i have sufficient reason to believe the large correction is coming to an end and we should see a reversal that should break the lower trend line of the wadge and a move targeting the previous wave b support

Final_Trader

my WAVE COUNT POINTS OUT THAT WE HAVE COME TO A 5TH WAVE CONCLUSION AS AN ENDING DIAGONAL WHICH SHOULD INDICATE WE ARE AT WAVE A OF THE CORRECTION WHICH WILL BE CONFIRMED IF WE GET A MOVE BEYOND THE PREVIOUS 4TH WAVE AFTER WHICH I CAN TRADE THE C WAVE IF A GOOD ENTRY GIVES WAY

Final_Trader

i think gold has a good chance of moving higher after a significant 4thwavecorrection.the preceding 4th wave should see prices move towards 1636 an equivalent of the first wave

Final_Trader

my wave count points on being in a downtrend currently in a third wave (wave2 of 3) a fall below 7019.3 would indicate this as a resumption of the downtrend,,, we should actually see price fall further to atleast 1.618 extension

Final_Trader

probably a wave 4 triangle formation ..we should anticipate a move to wave E before the uptrend resumes

Final_Trader

think thats good extension of the elliot and we should see the trend continue downwards

Final_Trader

think eurusd should be further going down on a daily chart..entries should be made as the break those lows

Final_Trader

any breaakout of the upper trendline brings us to around 1.41100https://www.tradingview.com/x/CJMJL11C/

Final_Trader Updated 

retracement of 38.2 or 50-61.8 fibb imminent on daily chart then a big rally downwards to 1.14..within a good weekly downtrend channel