XAUUSD Elliot Wave Forecast - Zigzag

21 янв. 2022 г.

Please see linked idea below.

A wave 2 correction is typically in the form of a Zigzag (5-3-5) thus the final Wave C subdivision should consist of a 5 wave structure as depicted in the chart.

Sub division breakdown:

Wave (3) was shorter in length from Wave (1) which indicates that the final Wave (5) will be shorter than Wave (3).
There is a possibility that Wave (4) is not yet complete and could further extend lower than today's low towards 1824. A move above 1843.24 will rule this out.

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BeyondEdge
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