A Gold wave count.
Wave [1] advanced to an all time high that took about 219 years, the present projected correction might probably takes 61.82% - 100% of time taken by [1] - say 135 to 200 years ? which is beyond my time.
Pulled out an old gold count from 6 months ago that is still in place:
XAUUSD is presently on the 3 legged Wave A potentially retracing more than 50% of wave [1] @ 961.95.
Since wave (4) is retracing the wave (3) with an extended 5th wave, it might potentially retrace up to the travel of minor wave (ii) of the extended wave v; and there is a gap that needs to be filled.
This wave c of (4) could be a 5 wave impulse or ED. What do you think?
Wave [1] advanced to an all time high that took about 219 years, the present projected correction might probably takes 61.82% - 100% of time taken by [1] - say 135 to 200 years ? which is beyond my time.
Pulled out an old gold count from 6 months ago that is still in place:
XAUUSD is presently on the 3 legged Wave A potentially retracing more than 50% of wave [1] @ 961.95.
Since wave (4) is retracing the wave (3) with an extended 5th wave, it might potentially retrace up to the travel of minor wave (ii) of the extended wave v; and there is a gap that needs to be filled.
This wave c of (4) could be a 5 wave impulse or ED. What do you think?
Elliott Wave for optimum entry, exit and risk management of trades