Wave 4 consolidating of XAUUSD is on its way.

7 мар.

The correction of wave 4 is willing to be revealed. Though there are certain Invalidation level, Below 0.5 Fibo retracement is less likely to be wave 4. When analyzing wave corrections, Fibonacci retracement levels are commonly used to identify potential support or resistance levels. The 0.5 Fibonacci retracement level is often considered a critical point, as corrections that go beyond this level may suggest a deeper retracement and potentially invalidate the wave 4 count.
however, elliott wave theory is not an exact science. It's a craft and invalidation level is much deeper than expected. So, patience is the only way.