XAUUSD W1 Correction.
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W1 We have no bearish divergence, 3 up with price bouncing off the 161.8fib in wave Y. I'm expecting around 2 years of consolidation before we get the Z up so I'll be looking for shorts on the lower timeframes targeting the 38.2fib retracement. There is a number of corrective structures we could get in X2 and no one knows in advanced what the corrective structure will become so I will update this Idea as price plays out.
D1 We have 5 waves up with bearish divergence, You can checkout my D1 Z Up idea (link in related links)
Start looking for sell setups on the lower timeframes targeting the 38.2fib retracement.
Good luck and trade safe!
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D1 We have 5 waves up with bearish divergence, You can checkout my D1 Z Up idea (link in related links)
Start looking for sell setups on the lower timeframes targeting the 38.2fib retracement.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Not
H1 Regular Flat Correction. Checkout the Idea to get up to speed on the H1.
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Feragatname
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