XAU/EUR - Double Combination with Missing X-Wave [26-12-2022]
From my perspective and experience about Neo-Wave, It looks like we are in the pattern called "Double Combination with a Missing-X Wave". I'll explain the reason why I think it is.
I gradually separated each monowaves segment, then I found that it has 2 sideway phases and 2 down-trend phases. I examined possibility which pattern can occur, here's the list.
Can it be IMPULSE WAVE possibility?
- The answer is no. Why? because m2 is take time more than 300% of m1, Therefore it's certainly cannot be an Impulse Wave. m4 which have the same direction as m2, it takes time more than 300% of m3(which will be wave-3) it shouldn't take time more than 300% unless it's terminal impulse or correction wave.
Can it be CORRECTION WAVE with next pattern is forming?
- The answer is still no! Because If m1-m2-m3 is just Correction it would be an Elongated Zigzag which have an effect is must retrace at least 61.8% of wave-c(which is m3) BUT! post-pattern behavior wasn't happen after the cessation of m3. Its retraced only 38.2% of m3(which is wave-c). Thus IT IS NOT AN ELONGATED ZIGZAG with the next pattern smaller degree wave is forming.
It neither correction wave and impulsive wave. So the last choice is "Complex Pattern" with an Missing X-Wave
m1 is a(which is the first leg of 1st Corrective)
m2 is b(which is sideway)
m3 is the longest wave we will divide it in half so we will get m4. m3 is wave-c and m4 is wave-x
m5 is wave-a of second phase corrective wave (which is trend and in smaller degree its a flat)
m6 is wave-b of second phase corrective wave (which is sideway and in smaller degree its an expanding triangle)
m7 which is not complete, it will be wave-c and PRICE TARGET of wave c is approximately 1685.482
Disclaimer: Not financial advice, It just from my perspective.
I gradually separated each monowaves segment, then I found that it has 2 sideway phases and 2 down-trend phases. I examined possibility which pattern can occur, here's the list.
Can it be IMPULSE WAVE possibility?
- The answer is no. Why? because m2 is take time more than 300% of m1, Therefore it's certainly cannot be an Impulse Wave. m4 which have the same direction as m2, it takes time more than 300% of m3(which will be wave-3) it shouldn't take time more than 300% unless it's terminal impulse or correction wave.
Can it be CORRECTION WAVE with next pattern is forming?
- The answer is still no! Because If m1-m2-m3 is just Correction it would be an Elongated Zigzag which have an effect is must retrace at least 61.8% of wave-c(which is m3) BUT! post-pattern behavior wasn't happen after the cessation of m3. Its retraced only 38.2% of m3(which is wave-c). Thus IT IS NOT AN ELONGATED ZIGZAG with the next pattern smaller degree wave is forming.
It neither correction wave and impulsive wave. So the last choice is "Complex Pattern" with an Missing X-Wave
m1 is a(which is the first leg of 1st Corrective)
m2 is b(which is sideway)
m3 is the longest wave we will divide it in half so we will get m4. m3 is wave-c and m4 is wave-x
m5 is wave-a of second phase corrective wave (which is trend and in smaller degree its a flat)
m6 is wave-b of second phase corrective wave (which is sideway and in smaller degree its an expanding triangle)
m7 which is not complete, it will be wave-c and PRICE TARGET of wave c is approximately 1685.482
Disclaimer: Not financial advice, It just from my perspective.
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