Points of concern
- wave C of (Y) and wave 1 of the current wave up are difficult to subdivide in 5 waves
- wave 5 of circled C is projected to be very extended (fine for commodities) but still
Points supporting the bullish stance
- USDJPY is going through correction and is clearly looking to make new lows (hence trading idea) which should coincide with high in XAUUSD.
- wave C of (Y) and wave 1 of the current wave up are difficult to subdivide in 5 waves
- wave 5 of circled C is projected to be very extended (fine for commodities) but still
Points supporting the bullish stance
- USDJPY is going through correction and is clearly looking to make new lows (hence trading idea) which should coincide with high in XAUUSD.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.