Short

Bearish Count

Od wsbza

Zaktualizowano

expecting another decline to follow once the corrective pattern is done

Uwaga

could be another wave down, but I rarely see diagonal like this

Uwaga

corrective pattern after impulsive decline ???

Uwaga

5 waves done ? or nearly done?

Uwaga

complex correction is still under way

Uwaga

the pattern looks corrective with huge bearish potential

Uwaga

gold has broken below the multi week up trend line since 2016
great bearish potential

Uwaga

expect blue wave (b) up in the short-run, then another blue wave (c) to complete red wave {Y} where {W}-{X}-{Y} is a double zigzag

Uwaga

simple zigzag for blue wave (b)?
potential resistance zone between 50% and 61.8% Fibonacci retracement levels

Uwaga

complex sideways?

Uwaga

we could have red a-b-c flat or double zigzag w-x-y or combination w-x-y, or even a triangle for (b) wave

Uwaga

red b or x could be a double zigzag

Uwaga

do not constrain yourself by your wave count, do not trade what do you think will happen, trade after the fact

Uwaga

the next support level could be around 1200

Uwaga

possible count 1

Uwaga

possible count 2

Uwaga

I accidental updated EURO in here lol >_<

Uwaga

here is the short-term count for gold

Uwaga

bullish assumptions

Uwaga

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

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