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abc corrective wave and gold 1st February 2021

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abc corrective wave with c wave extension at multiple level

in above chart we have primary ABC wave with wave C subdivided into (A)(B)(C) again wave (C) further subdivided into abc. last wave c,(c) has made 100% projection. At the time of writing correction to entire abc wave structure has made 50% correction. the fibonnaci retracement of entire ABC wave pattern has wave B low at 78% retracement and (B) has it low at 50% retracement. Multiple hammer candle stick suggesting big intraday support at 1856. if ABC correction ends right here than wave C projection can go upto 100% at 1886
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Feragatname

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