GOLD BULL VIEW - Rare Truncation In Ending Pattern - AriasWave
As much as I hate to admit it, it appears as though truncation did occur on this chart back in August this year where Wave v never made a new low.
The reason I am accepting this view is because the recent price action is behaving much more like the beginning of a Bull Market.
If this is the case then we must break above $1814 in order to confirm this count.
Critical support will remain at $1758 if no new low occurs which I highly doubt will happen at this stage.
Entry: $1814
Stop: $1758
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
The reason I am accepting this view is because the recent price action is behaving much more like the beginning of a Bull Market.
If this is the case then we must break above $1814 in order to confirm this count.
Critical support will remain at $1758 if no new low occurs which I highly doubt will happen at this stage.
Entry: $1814
Stop: $1758
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
