Well, referring at my last idea in which we are into an E leg before the last wave 5 in the bull run (related in the follow), I think that it might be wrong.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
Ghi chú
Typo error into description: "next potentially big short area would be beetween 1795 and 1845*..."not 1845 but: 1875
Ghi chú
the red rectangle into the drawing is correct btwBài đăng liên quan
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.