GOLD: wave 4th structure
Updated
Hi Guys,
my previous post tries to follow the formation of a combined corrective pattern. This pattern coincide with letter D of a Bat Pattern outlined by AhmedSar on the 8th of October and many of you are noticing.
Since the end of wave 3 the precious metal formed a Flat, a ZigZag and a Horizintal Ascending Triangle which made A, B and C. How long will it take before it completes? Wave count seems correct even if the initial target of 1197 has not been reaced yet and it may never will. For the rule of alternation if wave 2 is sideway, wave 4 is sharp. But how wave 2 unfolded? Sharp or Sideway? If 2 was sharp then 4th is already sideway.
Today there are PPI datas and tomorrow CPI.
Thank you for sharing your views and comments. Any idea is a contribution for better understanding The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
my previous post tries to follow the formation of a combined corrective pattern. This pattern coincide with letter D of a Bat Pattern outlined by AhmedSar on the 8th of October and many of you are noticing.
Since the end of wave 3 the precious metal formed a Flat, a ZigZag and a Horizintal Ascending Triangle which made A, B and C. How long will it take before it completes? Wave count seems correct even if the initial target of 1197 has not been reaced yet and it may never will. For the rule of alternation if wave 2 is sideway, wave 4 is sharp. But how wave 2 unfolded? Sharp or Sideway? If 2 was sharp then 4th is already sideway.
Today there are PPI datas and tomorrow CPI.
Thank you for sharing your views and comments. Any idea is a contribution for better understanding The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
IMPORTANT: please note that we cannot take for granted that a 5th wave will form after 4th is completed. Thank youNote
I did not post this because it's not clear https://yet...https://www.tradingview.com/x/UYYCRgxF/Note
This is an idea posted by TopTrader Tickmill 8 hours ago. It's similar to the one posted by AhmedSar and many others of you. Thank you for following and for sharing your ideas.
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To note the pattern of the last three candlestick which may be signalling formation of a support that may be a D...or an A of a deep https://ZigZag...https://www.tradingview.com/x/Z6ZvFqg9/Note
This is the ZigZag I am referring to...just be careful and always alert to all https://possibilities...https://www.tradingview.com/x/C97Yhg0T/Note
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