leeada2016

second scenario both giving wave 4 scenarios within different longer term counts. That give different wave levels as such this one can see 3700 area before next move or 38% att 3300 area. No doubt trend at this time is down but levels of reevrsal will be determined with pa

Inside route possability. Numeorus ways this can go floor been 3000. However is a scenrios for triangle (unlikely) 38% around 3800 area. We have a triple top on lower tf. Whether leg was impulsive or corrective determines if this move will be quick or more complexed triple 3 etc.

Longer term idea and count 6k minimum target for now. In shorter term we have a bear swing that will target 38 to 50% most likely around 3k area for buys and tp. wave 3 ended around 2.618 wave 2 was long in time but shallow. Rules alternation towards 50% time 4 to 6 weeks 24 nov early december. A good swing trade having collected high shorts

Shoter term set up, may retest of breaak 4190-4200 area before more down side. Target for first leg 3800 area should see strong bounce. Never know how these corrections will go in terms of pa. But working on persumption of abc rather than triangle, we see.

Self explanatory really, possibly done after extension which targetted 4170 area as per previous chart. Bias is short for swing, seems should make this clear for those not so educated ;0). 38% retrace level alternative to a possible triangle/flag scenario i have published. This is such scenario would be fast!. Before resuming bull!. Lets see ;)

Could wave 3 been finished, it is possible. We may see a sideays for a few months. In such case 3500 area may be teste dor near 24% seems most likely. Where 5 goes after we would have to see marked at 4500 for now but gold loves 5th wave extensions. Hard to know if and when they come!!. More fo rmy own record as to if it does follow this path.

Alternative scenario, 4200 done for year if extends here. Not impossible. pa inside supports it. But as i am bull i see fisrt scenario as more likely. Let see

wave 3, looks like extension of 5th.. Red lines 1.618 2.618 targets. At least one more leg up before retrace

Larger overview, has to be considered wave of 3 completed with no extension. In such circumstances 3600-3500 would be minimum targets. With invalidation at 3k area. Numerous tl are shown. Although my main plan is the most bullsih scenario. Exercise caution watch pa at 3800 area. Watch fro pa at this point especially reaction, we may see a retrace and further down pa should tell. Riskier long scenarios at this level.

Same plan, currently in abc corrective, completed 5 waves of a 3 of b. Possible could push 31 bear flag top tl. Lot of confluence at 3835 which is around bottom tl and 50% as well as 1.618 extension of wave a. Still possible may touch 3795 at 62%. Good to short highs or buy the lows around green lines. Possible targets for nest up move in red. Good luck