Gold Bullish Possibilities (Elliott Wave Analysis)
In the last article I talked about the bearish count which is my main count, but looking at this very impulsive move we must consider the alternate scenario and hence I'm writing this article.
As per the presented count I have considered that the Wave 2 progressed as a Running Flat type of correction and ended around 1195.
Course of Action :
If the market takes support over this red zone which is basically the region of 1216 - 1244 then this alternate bullish count can be considered as the guideline for trading.
I will update further once the market makes it clear which count it will play out.
As per the presented count I have considered that the Wave 2 progressed as a Running Flat type of correction and ended around 1195.
Course of Action :
If the market takes support over this red zone which is basically the region of 1216 - 1244 then this alternate bullish count can be considered as the guideline for trading.
I will update further once the market makes it clear which count it will play out.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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