Wave 4 can be anything including Triangle or other corrective models
Triangle is shown in the earlier posts and it is still yet to be confirmed
as we've got only 3 waves in A out of minimum required 3-3-3
What other options do we have?
I posted Silver update earlier and it could be the hint
Gold could built the same ABC structure (white labels) as well
Price could be in the box type consolidation
It might first retest the $4,100 mark where the bottom of current consolidation was established
Below that level Triangle will be invalidated
Then there could be another retest of $4,900 to complete wave (B)
After that, massive sell-off might occur in the final wave (C)
The minimum target is set at the bottom of wave (A) at $4,100
However, the weakness could dive deeper to the terminal point
of wave 4 of a smaller degree at $3,300
Triangle is shown in the earlier posts and it is still yet to be confirmed
as we've got only 3 waves in A out of minimum required 3-3-3
What other options do we have?
I posted Silver update earlier and it could be the hint
Gold could built the same ABC structure (white labels) as well
Price could be in the box type consolidation
It might first retest the $4,100 mark where the bottom of current consolidation was established
Below that level Triangle will be invalidated
Then there could be another retest of $4,900 to complete wave (B)
After that, massive sell-off might occur in the final wave (C)
The minimum target is set at the bottom of wave (A) at $4,100
However, the weakness could dive deeper to the terminal point
of wave 4 of a smaller degree at $3,300
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.