Babar
Panjang

Ending Diagonal?

FX:XAUUSD   Emas/Dolar U.S.
40 3 5
I am no expert with Elliott wave but looks like we just got a confirmation with the backtesting candle
monthly 200 has been tested as well...that pattern less apparent on XAG but visible in GDX
snapshot
+1 Balas
Very good chart. It is quite "tempting" to call the recent gold low as the final one (option 1). Elliott waves most definitely look complete, apart from one more possible extension of your 5.5 wave (secondary X & final Z) shown in the chart below as option 2, leading to an alternative final low 2. Personally, I prefer option1, but I am always aware for the probability of option 2 as well.

snapshot
+1 Balas
Babar PRO cfetrader
i have the final extension in mind as well, you are right always keep the other scenarios in mind... i guess it all depends how fast price move and break resistances. cheers!
+1 Balas
Malaysia
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Việt Nam
日本
한국
简体
繁體
Laman Utama Penapis Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Sokongan Layanan Keutamaan Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar