If this is a triangle that we are dealing with , sooner or later we will have an unexpected spike up after confirming thar E wave of the triangle is finished . keep an eye on it .
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wave c bottom must hold to consider it as a triangle .
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If the triangle battern is working we shouldnt trade below this line and we have to reverse up :
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we have an invalidation of the tringle pattern as the correction down traded below C wave . Alternative count is flat :
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another alternative count is Double ZZ :
In both there is a great bullish set up once this wave down is finish . keep an eye on it . specially the yellow area
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watch gold carefully .
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I will update later
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in 1 hour : possoible move to 1233 then continue bearish down .
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we got this spike 1230
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1 hour : breakdown only 1226 we confirm the possoible move down . If price didnt break down 1226 another pattern should be considered :
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still in 3rd wave , bout to finish 161 fibonacci of wave 1 length .