Gold Elliott wave analysis with 135 impulsive wave live example
Updated
leading diagonal in wave 1 and 3rd wave extension and 5th wave top at 1829
after the 5th wave correction has made retracement up low of 4th wave.
higher degree expansion on breakout above 1834
trend reversal or correction from 5th wave high at 1829
trend reversal below 1800 (61% retracement)
1829 to 1800 retracement target
1830 to 1850 breakout target bullish expansion
1829 to 1780 trend reversal target
after the 5th wave correction has made retracement up low of 4th wave.
higher degree expansion on breakout above 1834
trend reversal or correction from 5th wave high at 1829
trend reversal below 1800 (61% retracement)
1829 to 1800 retracement target
1830 to 1850 breakout target bullish expansion
1829 to 1780 trend reversal target
Note
correction ended Note
channel breakout upside - bullish trend continuation 61% retracement support at 1800
Note
resistance 1850 and 1861
Trade closed manually
1805 to 1840Note
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