Babar
Long

Ending Diagonal?

FX:XAUUSD   Gold / US-Dollar
40 3 5
I am no expert with Elliott wave but looks like we just got a confirmation with the backtesting candle
monthly 200 has been tested as well...that pattern less apparent on XAG but visible in GDX
+1 Antworten
Very good chart. It is quite "tempting" to call the recent gold low as the final one (option 1). Elliott waves most definitely look complete, apart from one more possible extension of your 5.5 wave (secondary X & final Z) shown in the chart below as option 2, leading to an alternative final low 2. Personally, I prefer option1, but I am always aware for the probability of option 2 as well.

+1 Antworten
Babar cfetrader
i have the final extension in mind as well, you are right always keep the other scenarios in mind... i guess it all depends how fast price move and break resistances. cheers!
+1 Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Forex Screener Crypto Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden