it could be like this too, the current wave is a just a wave 2 av C wave.
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Dislikedit could be like this too, the current wave is a just a wave 2 av C wave.Ignored
DislikedAccording to NEoWave (most advanced EWA technic ever made) you wrong.
On your chart wave-B is completed (around 61.8% of wave-A) in this case - ZigZag is forming. In Zigzags wave-B must take AT LEAST same time as wave-A (normally should take more time). Your wave-B takes LESS time, it means your wave-B is underway and NOT ended. Even wave-B has ended and wave-C is underway (its impossible, but anyway) wave-2 of wave-C cannot retrace further than 61.8% of wave-1, so current (todays) rally shows us that Zigzag cannot be here... But UNTILL 61.8%...Ignored
Dislikedit could be like this too, the current wave is a just a wave 2 av C wave.Ignored
DislikedThink your count looks right, except: B might be a of B and i is b of B with c of B shortly.Ignored
Dislikedyes, its also a count, but as ph3onix says, the problem with classical EWP is that everyone can have a count, more rules and more restriction is better to eliminate as many alternative.....
btw Hs on the 10 min, will see how it develop.Ignored
DislikedSee my posts above... If we are talking about real logic wave rules - NEoWave is only the way to believe. Both possible counts are explained aboveIgnored
DislikedHaha, in the censored gold thread someone CLAIMS he has 30 years of experience and people just take his word for it!!!
Would be interesting if he can prove it... I am really glad this MASTER MENTOR is finding his placeIgnored
DislikedAccording to NEoWave (most advanced EWA technic ever made) you wrong.
On your chart wave-B is completed (around 61.8% of wave-A) in this case - ZigZag is forming. In Zigzags wave-B must take AT LEAST same time as wave-A (normally should take more time). Your wave-B takes LESS time, it means your wave-B is underway and NOT ended. Even wave-B has ended and wave-C is underway (its impossible, but anyway) wave-2 of wave-C cannot retrace further than 61.8% of wave-1, so current (todays) rally shows us that Zigzag cannot be here... But UNTILL 61.8%...Ignored
Dislikedgold has made a temporary top at 1837.32 by now..
based on your analysis that if 61.8% remains unbroken (1831), we could assume downtrend is still in play.. then it's ready to touch 1700 any time..Ignored
DislikedNot exactly... I wrote that there are two possible options for current wave. First is the Flat, second is Triangle. Flat is preferred, but Triangle is also not dead... If price will consolidate near 61.8% next few days, or make a drop till 1811 we may change preference from Flat to Triangle. If triangle is forming - then we will se NO NEW HIGH before breaking 1700 level.
P.S. Even Gold will break 1700, we can't assume that bull market is over... Only when 1600 be broken we can say that Gold bull market is over, and bear market began at 1914.Ignored