Hello traders, Gold in 4-hour timeframe, As we said, the general structure was a zigzag structure.
This zigzag may change for any reason and be part of another wave.
We have nothing to do with the general trend at the moment and we are explaining the current wave.
We are counting inside wave c, wave 1 is finished from wave c, and if we want to explain wave 2, it is at the end of its zigzag structure, ie wave c, this wave is formed in our opinion as a leading triangle inside wave 5.
When in general from the uptrend to the downtrend we make sure that the lower side of the triangle is broken.
The first target for this downtrend is 1810, and if the trend moves beyond 1840, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
This zigzag may change for any reason and be part of another wave.
We have nothing to do with the general trend at the moment and we are explaining the current wave.
We are counting inside wave c, wave 1 is finished from wave c, and if we want to explain wave 2, it is at the end of its zigzag structure, ie wave c, this wave is formed in our opinion as a leading triangle inside wave 5.
When in general from the uptrend to the downtrend we make sure that the lower side of the triangle is broken.
The first target for this downtrend is 1810, and if the trend moves beyond 1840, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️