Gold EW Micro count
Risky but let’s try this count.
What happened last time USA started steel tariffs in March 2002? Gold finally broke out and moved into a bull market..
… and DXY
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Would love this count to work, but sensing weakness at the mo, feel may not be go time just yet.
Wonder if you could check this out Gabe, don’t understand what she’s saying at around 13:20
https://youtu.be/dEAP1jdjTq0
What do you think about the bullish/bearish counts presented here?
Bearish bias for an Expanding Diagonal for a wave C.
Let’s see. Looks to me there is always something for a bearish count with Lara …
I don’t understand why she couldn’t label your B as a B herself? Didn’t really get her reasoning…:/ I always thought C had to exceed bottom of A too, so many rules makes my head spin!
Wazcam, don’ t worry my head is also spinning when i look at her charts …
Looks to me she’s trying to make a bearish count for a possible correction after a new high.
Still this A-B-C bearish pattern to expect a BIG C wave down after the new high.
Before it was a triangle and now we have an ascending broadening wedge…
Time will tell.
The internal structure of an ascending broadening wedge is a 3-3-3-3-3 structure. This is why you have all these a-b-c.
https://s17.postimg.org/gngsrxsm7/Broadening_wedge.png
The bullish view can looks like this one:
https://www.tradingview.com/x/ojlaMKsw/
I’ve got a (provisional) IT and LT signal that supports your view.
It locks in on Friday, but worth a stab now imo.
Yes, this is at odds with my prior view that we’re headed down into spring.
I’m just a puppet that does what my system tells me to do.
Interpreting the future is fraught with risk, especially before it happens.