GOLD (XAUUSD) - Possibile GARTELY PATTERN or ABC CORRECTION
Updated
So, we are again in a giant correction and probably we will rest into it untill post elections (middle November?). What i see as possibility now is a slowly drop to 1880 - 1855 area, then from there a rise up to al least 1955. So a strategy atm would be to hold the sells untill 1880 and close them from there to 1860 and then try a buy to 1955.
Comment
This would be the idea of the inner count: Comment
Comment
Comment
Comment
Comment
Comment
3 different scenarios to the road to 1760: Comment
today updates (before US elections): Comment
during the election day: Comment
the entire idea: Comment
Comment
We are in the short area (red rectangle): Comment
OK, we shorted at 1956 cause that was the potential reversal point of the gartely pattern at 1,272% of AB, but here we have a different and probably more accurate version of that pattern with a different method of puttinf the fib extensions, so probably the next entry will be at 1968: Comment
two examples of gartely pattern (educational to find the 1.272 extension): Comment
updates: Comment
Comment
Comment
Ok, the Gartley was completed and played well with shorts. Now lets see if our count will be validated. this could be the new impulse down (first wave in upper count): Comment
Comment
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.