Gold/XAUUSD Elliott Wave 1hr Count
Building off my previous post...
I identified a wave count too early on the lower timeframe. However, the idea of a retracing diagonal remains the same. Market is still forming Wave 1 of the overall Wave C (Blue) diagonal.
The rule of alternation is being satisfied in Wave 1 of the diagonal, as the first motive (Green A) was a zigzag. In order for alternation to be satisfied, a "flat" or "triangle" must be next. This is highlighted in orange as Wave B.
I identified a wave count too early on the lower timeframe. However, the idea of a retracing diagonal remains the same. Market is still forming Wave 1 of the overall Wave C (Blue) diagonal.
The rule of alternation is being satisfied in Wave 1 of the diagonal, as the first motive (Green A) was a zigzag. In order for alternation to be satisfied, a "flat" or "triangle" must be next. This is highlighted in orange as Wave B.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.