This above breakdown is on a ratio chart measuring gold vs. oil.
Being all about weighing alternative scenarios in a probabilistic manner, another outcome that could be underway is the entire structure from W(V) high being a weak flat as B (labeled X on chart), failed to retrace all of A (labeled W). If this scenario were to play out, the most recent decline may still have it's own sub-waves 4 and 5 to complete to the downside.
Thanks to IvanLabrie for sharing this ratio chart a few weeks back now, follow our work for the latest setups in FX.
Being all about weighing alternative scenarios in a probabilistic manner, another outcome that could be underway is the entire structure from W(V) high being a weak flat as B (labeled X on chart), failed to retrace all of A (labeled W). If this scenario were to play out, the most recent decline may still have it's own sub-waves 4 and 5 to complete to the downside.
Thanks to IvanLabrie for sharing this ratio chart a few weeks back now, follow our work for the latest setups in FX.
