©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation).
The context suggests that we are inside the 4-grey wave, as the 3-grey wave ended at the high of 2,801.2.
The 4H chart shows that we are inside the 4th wave in grey, based on some data on the current price action, it looks like a Sidewaves pattern and is narrowing over time. So it suggests to me the view of an unfolding Triangle.
The ((d))-navy wave is probably close to completing its role by creating the resistance level ((b)),((d))-navy, but this view is not strong, so at the moment in gold, there are at least several different wave counts at work at the same time.
Let's look at the alternative view of ALT, which also shows that the 4-grey wave is not showing any signs of ending, but instead developing as a Flat, its ((b))-navy wave will move higher.
The context suggests that we are inside the 4-grey wave, as the 3-grey wave ended at the high of 2,801.2.
The 4H chart shows that we are inside the 4th wave in grey, based on some data on the current price action, it looks like a Sidewaves pattern and is narrowing over time. So it suggests to me the view of an unfolding Triangle.
The ((d))-navy wave is probably close to completing its role by creating the resistance level ((b)),((d))-navy, but this view is not strong, so at the moment in gold, there are at least several different wave counts at work at the same time.
Let's look at the alternative view of ALT, which also shows that the 4-grey wave is not showing any signs of ending, but instead developing as a Flat, its ((b))-navy wave will move higher.
Elliott Wave by Shane
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Elliott Wave by Shane
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.