XAUUSD waiting for retracement/correction complete on wave 4
XAUUSD based on my previous analysis i posted looking for short as long market stay below 17003.93.. since that day the market drops almost 2000 pip @ 200 usd .. and currently sitting at 1540 area..
based on the chart im seeing wave 3 of A already completed.. and market must and need to retrace in ABC formation.. basically i'm expecting flat pattern or triangle pattern occur on wave 4, based on wave alternation rules .. when wave 2 sharp correction wave 4 normally complex correction pattern.. so zig-zag pattern might not occur.
my trade idea or trade call once market retrace in side the box i drawn i will place SHORT on that area (1568-1588).. good luck and TQ
based on the chart im seeing wave 3 of A already completed.. and market must and need to retrace in ABC formation.. basically i'm expecting flat pattern or triangle pattern occur on wave 4, based on wave alternation rules .. when wave 2 sharp correction wave 4 normally complex correction pattern.. so zig-zag pattern might not occur.
my trade idea or trade call once market retrace in side the box i drawn i will place SHORT on that area (1568-1588).. good luck and TQ