Beware Potential GOLD MAJOR CORRECTION
Hi Everyone, This MAY be in the works. As you can see we may be seeing these ABC corrective formations for a continuation of short moves. Ie. We are beginning Wave 3 on a bigger overview.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
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5 minute looking for this bear breakout
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Triangle Pattern on Higher Time frame (looking for triangle to act as a reversal.
Right: Reversal zone.
Right: Reversal zone.
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3 pushes up. Wedge. Potential Reversal.
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On the hour, tapped the reversal zone on the 3rd push up.
