The end of a part of the puzzle of the rising market!!! Gold in
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Gold Analysis (Elliot Wave Principle)
I am Mahdi Abbasi from Iran, nickname (Mr. Nobody)
Chart analysis for me:
It reminds me of my childhood game and I imagine that I am playing a puzzle game because I loved playing puzzle games! I am a curious person!
I think you have a part of the chart, like a part of the puzzle that you have completed, and you should find the continuation and be careful to follow the rules and instructions of the Elliott wave principle.
Well, friends, the principle of the wave tells us that the motivation wave is completed with five waves, that is, the impulse pattern is correct?
Well, since the beginning of the gold market, the price is $1616.80. Isn't it a beautiful impulse pattern?
But you have five waves that also follow the rules. First, wave 2 should not cross the origin of the rising price of $1616.80, which did not happen, and then wave 4 should not enter the territory of wave 1.
And this was not a problem either, only more than 50%, i.e. 61.8%, was corrected.
The fifth wave is equal to the third wave.
This purple five-wave pattern can also be labeled as a multiple zigzag pattern!
Because usually the leading diagonal and extended diagonal can form multiple zigzags, and my friends, there is this possibility:
The first part of the cycle is over and we have to wait for correction, that is, a correction pattern that is recognizable and clear, and more importantly, how much will it be corrected, 61.8% or less 38.2% and it will climb quickly????
If we will witness a shallow correction and if the market rises quickly, it could be 1.2, 1.2, 1.2 or the first wave of a large diagonal pattern?
Good luck ! cheers
Gold Analysis (Elliot Wave Principle)
I am Mahdi Abbasi from Iran, nickname (Mr. Nobody)
Chart analysis for me:
It reminds me of my childhood game and I imagine that I am playing a puzzle game because I loved playing puzzle games! I am a curious person!
I think you have a part of the chart, like a part of the puzzle that you have completed, and you should find the continuation and be careful to follow the rules and instructions of the Elliott wave principle.
Well, friends, the principle of the wave tells us that the motivation wave is completed with five waves, that is, the impulse pattern is correct?
Well, since the beginning of the gold market, the price is $1616.80. Isn't it a beautiful impulse pattern?
But you have five waves that also follow the rules. First, wave 2 should not cross the origin of the rising price of $1616.80, which did not happen, and then wave 4 should not enter the territory of wave 1.
And this was not a problem either, only more than 50%, i.e. 61.8%, was corrected.
The fifth wave is equal to the third wave.
This purple five-wave pattern can also be labeled as a multiple zigzag pattern!
Because usually the leading diagonal and extended diagonal can form multiple zigzags, and my friends, there is this possibility:
The first part of the cycle is over and we have to wait for correction, that is, a correction pattern that is recognizable and clear, and more importantly, how much will it be corrected, 61.8% or less 38.2% and it will climb quickly????
If we will witness a shallow correction and if the market rises quickly, it could be 1.2, 1.2, 1.2 or the first wave of a large diagonal pattern?
Good luck ! cheers
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