Elliott wave channel for Gold

price are rising inside blue parallel channel since it made double bottom
price has made price channel with WXY correction wave with extended wave Y,
wave Y further subdivided into (a)(b)(c) corrective wave, while (a) and (c) again further subdivided into 135 impulsive wave
fib projection for wave Y and (c) both are predicting resistance at upper trend line of the channel

this is corrective wave structure with third wave extended
here we have extended wave Y and and (c)
complete wave structure
wave WXY, with y extended into (a)(b)(c)
wave (a) and (c) extended into 135 impulsive wave

resistance
1854 /57 /74

wave Y= 1.618 wave W
wave (c)= 1.382 wave (a)

(sell zone is 1.618 projection for wave Y with 1.382 and 1.618 projection for wave (c) )

Komentarz:

daily vs h4 time frame