Bearish Count

expecting another decline to follow once the corrective pattern is done

הערה:

could be another wave down, but I rarely see diagonal like this

הערה:

corrective pattern after impulsive decline ???

הערה:

5 waves done ? or nearly done?

הערה:

הערה:

complex correction is still under way

הערה:

the pattern looks corrective with huge bearish potential

הערה:

gold has broken below the multi week up trend line since 2016
great bearish potential

הערה:

expect blue wave (b) up in the short-run, then another blue wave (c) to complete red wave {Y} where {W}-{X}-{Y} is a double zigzag

הערה:

simple zigzag for blue wave (b)?
potential resistance zone between 50% and 61.8% Fibonacci retracement levels

הערה:

complex sideways?

הערה:

we could have red a-b-c flat or double zigzag w-x-y or combination w-x-y, or even a triangle for (b) wave

הערה:

red b or x could be a double zigzag

הערה:

do not constrain yourself by your wave count, do not trade what do you think will happen, trade after the fact

הערה:

the next support level could be around 1200

הערה:

possible count 1

הערה:

possible count 2

הערה:

I accidental updated EURO in here lol >_<

הערה:

here is the short-term count for gold

הערה:

bullish assumptions

הערה: