This chart exists to support my analysis of Gold -
and Silver -
I use USDJPY as a proxy for DXY and because it is usually strongly correlated with Gold. The decline from recent highs is taking the shape of double zigzag which makes me think that the bottom is near.
After that two alternatives are possible but let's first see the bottom.
I use USDJPY as a proxy for DXY and because it is usually strongly correlated with Gold. The decline from recent highs is taking the shape of double zigzag which makes me think that the bottom is near.
After that two alternatives are possible but let's first see the bottom.
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๐ Chartopedia, with examples of applying ElliottWave to real world charts
