XAUUSD H4 Complex Correction.
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H4 Price action is clearly showing at this stage were in some sort of correction due the the choppy movement, what exactly the corrective structure ends up to become is anyone's guess. At this stage I'm looking at WXY complex correction that doesn't look quite complete to me yet. On the MACD filter we have no bullish divergence so I can't totally rule out the wave Z but having said that if we get the wave Z that can change the D1 current structure I'm looking at due to the time factor of the D1 corrections.
H1 I'm looking at the possibility of a simple ABC correction with an expanding flat in wave B and the C up to complete the structure before we get the larger C down.
H1 Chart.
XAUUSD D1 Wave Z Up Idea, check it out to get to get my D1 analysis thank's.
XAUUSD W1 Idea, check it out to get the complete picture thank's.
I will update this idea once I get more data on the H1.
Good luck and trade safe!
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H1 I'm looking at the possibility of a simple ABC correction with an expanding flat in wave B and the C up to complete the structure before we get the larger C down.
H1 Chart.
XAUUSD D1 Wave Z Up Idea, check it out to get to get my D1 analysis thank's.
XAUUSD W1 Idea, check it out to get the complete picture thank's.
I will update this idea once I get more data on the H1.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Nota
H1 Wave C Up. Checkout the Idea to get the complete picture thanks!
Nota
So we got the impulse up on H1 possibly completing the H4 B wave, lets now see if we get the H4 C down, I'll update this idea when I have more data.
Penafian
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