Gold 4 wave? Lets see if we make a triangle
Loving the Elliott Wave theory painted on GOLD here and I see a few longterm options.
ABCDE happens often on a 4 wave between the .382 and .50 fib level.
4 wave can also be an ABC all the way down to .618.
Looking at longterm buys around all these fib levels depending on what outcome happens.
I think gold will do good after my parabolic run-up in stocks
once we start the correction in stocks gold will moon.
Stay healthy and stay profitable <3
ABCDE happens often on a 4 wave between the .382 and .50 fib level.
4 wave can also be an ABC all the way down to .618.
Looking at longterm buys around all these fib levels depending on what outcome happens.
I think gold will do good after my parabolic run-up in stocks
once we start the correction in stocks gold will moon.
Stay healthy and stay profitable <3
Note
Note
This is my bearish option and I think is less likely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.