XAUUSD Elliott Wave Forecast - Wave C Update
As previously mentioned, price should now be in Wave iii of C (please refer to linked idea below).
Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure.
We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now also appear complete with wave (C) reaching the 123.6% of wave A.
The final 5 waves of the 5-3-5 should now follow, either in an impulse or diagonal. The near term price objectives for these final 5 waves are 1816 and 1825. A further extension towards 1836 is possible and also a level where price should see stronger resistance if reached.
Please do leave your thoughts in a comment below.
As always, your support with a 'like' or 'follow' is much appreciated.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure.
We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now also appear complete with wave (C) reaching the 123.6% of wave A.
The final 5 waves of the 5-3-5 should now follow, either in an impulse or diagonal. The near term price objectives for these final 5 waves are 1816 and 1825. A further extension towards 1836 is possible and also a level where price should see stronger resistance if reached.
Please do leave your thoughts in a comment below.
As always, your support with a 'like' or 'follow' is much appreciated.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
🔰 Not financial advice. For educational purposes only.
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BeyondEdge
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
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