Lunatikfringe

Wave Y of e of bullish converging triangle...

FOREXCOM:XAUUSD   Spot Altın/ABD Doları
Working wave y of e down. Elliot wave common relationship of corrective 3 wave form: Wave Y reaches equality with wave W at 1687 so 1687 is my first projected endpoint of wave e. Another common relationship of converging triangles is wave e = .618 x wave c. That endpoint projection would be 1680 which is also on a/c trendline. So atm I'm waiting for price to get between 1687 and 1680 before looking to get long. I will look to RSI on hourly chart to see if I get some possible bullish convergence to help confirm wave e termination. Good luck and better discipline today.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.