if wave 3 end at the first marked zone , then it will retrace for wave four and we go for easy buy on wave 5 but if wave 3 extended , then it will go for261.8% extension of wave 1 of wave 1 , then our wave 4 might be triangle before we go for wave 5 , this are the two scenario im expecting from the analysis but i will keep you update
Gold under consolidation after breaking out of the triangle which serve as wave 4 as , now the first impulsive move of wave 1 already done and price retrace back with a ZIG ZAG pattern which raphael nelson elliot called as a wave 2 pattern cause it appear often in wave 2 and price will be making a move to shoot up impulsively for the wave 3 and it also create a...