My gold Count
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In the one hour chart I can see a very ugly looking elliot wave count of 1,2,3,4,5.
wave 2 is a very shallow retracement of only 38.2% hence wave 4 is a lot deeper.
I think we just completed wxy retracement. Now we're either heading up for wave 3.
Or maybe the whole thing is just an ABC correction, and we're heading towards C.
wave 2 is a very shallow retracement of only 38.2% hence wave 4 is a lot deeper.
I think we just completed wxy retracement. Now we're either heading up for wave 3.
Or maybe the whole thing is just an ABC correction, and we're heading towards C.
Nota
If it is just an ABC correction, I'm expecting the C wave up to end at around 1220 to 1235. And then down from there to 1130ish.Nota
Sorry, if it is the start of wave 3 then we're going way above 1300.
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