โœ…PREVIOUSLY ON GOLD
From 1877(lime3) to 1753, ABC corrective waves are formed and 1753 can be numbered 4(lime), it is thought.
BULLISH IMPULSIVE WAVES WOULD GO ON๐ŸŒŠ



โœ…WHERE WE ARE
As 1753 can be numbered 4(lime), we should've waited for the beginning of the next bullish impulse(blue circled 2), which should've been around 1790 - 1776.
WE'D FACE THE STRONG BULLISH IMPULSIVE WAVE๐ŸŒŠ


If my counting is correct, wave 3(blue) must break 1814, so wave 3 could form extensions(white) to break 1814.

As of now, 1801 - 1795(Fib38.2-61.8) could be a good zone to be bullish again.

*As long as 1784 remains unbroken, this idea is valid.


๐Ÿ’กThe absolute principle for trading๐Ÿ’ก
BUY - as low as possible
SELL - as high as possible

PLEASE DO NOT FORGET TO SMASH LIKE๐Ÿ‘๐Ÿป AND FOLLOW MEโค IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU ๐ŸŽ‰
Elliott WaveTrend AnalysisWave Analysis

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