3rdwave
GOLD (xauusd) :: THE BIG 3rd WAVE (short)The wave 2 (ABC correction) would be completed at 1932.
So "if" (ever big IF) the count is correct we are in the 1st wave of the big 3. This 3-1 would be complete at around 1865, then we could see the ABC up for the 2nd inside this 3. In this case we should have 2 short entries (and in case 1 long for the ABC up):
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1st short:
Entry area: 1900 - 1906
TG: 1866
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2nd short:
1907 - 1912
TG: 1740
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Optional long (for the ABC):
Entry area: 1866 - 1864
TG: 1905
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This is an update of my previous ideas (linked below).
GOLD (XAUUSD): Riding Giants (updated idea for the 3rd wave)This is an update of my old ideas from August 2020 (links are below). According with this EW count, 1930-1938 (1945 might be the max extension) would be the potential 2nd wave completion area and consequently a big short for the 3rd big potential wave down. The target for this 3rd wave would be around at 1740
|wave5 of 3rd of a Third of a 3rd|elliotwave|WAVE3*UPDATED*LONG|As the title suggests, here is the updated chart of my third of a third of a third elliot wave hypothesis.
Expect a near vertical rally from todays low, as we are within a sub-wave3 of the first wave 5 having completed the larger degree wave 4 of the even larger wave 3.
Next will be consecutive wave 4 wave 5 wave 4 wave 5 of higher degrees to complete the entire pattern sometime this Spring.
Feel free to ask any questions.
3rd wave to 22k Seriously, could the setup be better then this?
Bitcoin did a huge race from 3k to 14k in 6 month, just to prove everyone its capacity.
Now Bitcoin is getting real beaten, just so it can stand up stronger.. and what a stand bitcoin can have if it decides to be the 3rd wave. What doesn't kill you makes you.... stranger!
So if Bitcoin did 3k to 14k in 6 months, it can bounce back in, 6 months and then get boosted by the halving.
Quite a show...