Disliked{quote} Last week Gold move, both are sharp corrections {image}. Bear impulse of gold, both corrections are flat. {image} Both appear spontaneously, are you still forcing both must alternate if market tells the opposite?Ignored
What is your wave count label at the top of 17th April? Does it synchronize with wave count in the longer time frame? Because that tells what type and extend of this preceding downward wave really is?
Looking at minor wave count, your wave 1 doesn't look like an impulse but rather a downward leading diagonal, which seldom exist at the beginning of bear market.
Since your wave 2 and 4 does not alternate in pattern and price etc., that helps in checking on the reverse, that is not a wave 4 at all.
From the longer-term wave count and the corrective nature of this downward wave from 17th April top, confirms it's an ongoing expanding ending diagonal wave c orange with 3-3-3-3-3 configuration, rather than an impulse wave.
https://i.gyazo.com/2432c84fa0fe7f3e...41d7e6a038.png
Besides, this ongoing wave c will terminate near bottom of previous minor wave (iv).
**MEW G. Neely p. 6-2
Elliott Wave for optimum entry, exit and risk management of trades