Loading ...Why Not ?
Charts are in the eye of the beholder
a different look at High Rollers Chart
The red line has a lot of touches
Is it not possible the A B C has completed ?
I admit I am an Elliot Wave Illiterate…but this A B C SCENARIO LOOKS OBVIOUS …WHAT AM I MISSING ?
“Why Not?” Indeed. The move in Gold from the very beginning of 2025(Based at 2600, not just an arbitrary starting point) was a rise of 3000 dollars. A 50% Fib retrace is 1500 dollars to 4100, which is where it bottomed. Forget about lower C waves or any other scenario UNTIL you see a break of 4100 and the 200 day mvg. Not only is it unlikely to break below that area, it is highly unlikely it even gets revisited.
C waves have to have five waves internally. At a minimum.
Right or wrong, everyone in EW land has been calling this recent bounce wave iv.
is it possible todays action was wave v and it’s done ? or does it have to exceed wave iii