XAUUSD Elliot Wave Forecast - Zigzag
Please see linked idea below.
A wave 2 correction is typically in the form of a Zigzag (5-3-5) thus the final Wave C subdivision should consist of a 5 wave structure as depicted in the chart.
Sub division breakdown:
Wave (3) was shorter in length from Wave (1) which indicates that the final Wave (5) will be shorter than Wave (3).
There is a possibility that Wave (4) is not yet complete and could further extend lower than today's low towards 1824. A move above 1843.24 will rule this out.
I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
A wave 2 correction is typically in the form of a Zigzag (5-3-5) thus the final Wave C subdivision should consist of a 5 wave structure as depicted in the chart.
Sub division breakdown:
Wave (3) was shorter in length from Wave (1) which indicates that the final Wave (5) will be shorter than Wave (3).
There is a possibility that Wave (4) is not yet complete and could further extend lower than today's low towards 1824. A move above 1843.24 will rule this out.
I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
🔰 Not financial advice. For educational purposes only.
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
Related publications
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.