XAUUSD short term retrace before more drop: Gold wave 3 watch
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Quick short term plot to evaluate the retrace from drop, tying to get the BIG drop down.
The first push down was a perfect 12345, to make wave 1 in theory.
Now looking for an ABC to make wave 2 back up.
Then trying to catch wave 3 down for what might be a big drop.
It is actually possible that wave 2 is done already and wave 3 is starting, which would be proven by making a new lower low.
This is an update to my bigger picture trade idea posted earlier:
The first push down was a perfect 12345, to make wave 1 in theory.
Now looking for an ABC to make wave 2 back up.
Then trying to catch wave 3 down for what might be a big drop.
It is actually possible that wave 2 is done already and wave 3 is starting, which would be proven by making a new lower low.
This is an update to my bigger picture trade idea posted earlier:
Not
Here we are. Will it bounce? or did I miss the short? Not
Pierced my support a bit, but got a slight bounce at London Open. Lets see if it forms a wave C or not, which in theory should be sub set of 5 waves Not
Bounce still alive Not
The moment of truth is here Not
Looking good for my short thus far Not
so much for that plan. 
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