4H stochastic analysis + full 5 wave count of Elliott Wave
I made this chart to show the example of using stochastic to help determine the wave
Of Course, this is not perfect...
1. need to use fib
2. trend line needed (black arrow)
3. the knowledge of high volatility , when fib exceed 168%
4. the case when gold retrace too small (like 0.27 retracement instead of 0.382)
5. when the fractal (small time frame movement really weird and does not add up)
6. THATS WHY MINIMUM 1 H TIME FRAME NEEDED
7. DON'T USE THIS TECHNIQUE ON 5 minutes and 15 minutes time frame, gold like to SL hunt at those timeframe
Of Course, this is not perfect...
1. need to use fib
2. trend line needed (black arrow)
3. the knowledge of high volatility , when fib exceed 168%
4. the case when gold retrace too small (like 0.27 retracement instead of 0.382)
5. when the fractal (small time frame movement really weird and does not add up)
6. THATS WHY MINIMUM 1 H TIME FRAME NEEDED
7. DON'T USE THIS TECHNIQUE ON 5 minutes and 15 minutes time frame, gold like to SL hunt at those timeframe