Hello traders, Gold In the half-hour time frame, we drew a rectangle from wave 5 from wave 3 to the 1800 price range, which is an important fibo, now wave 3 is over and we are now inside wave 4 or 5.
Wave 4 is more likely because wave 4 should hit the bottom of the blue canal and then move upwards (it did the same thing I showed with the green circle), of course this is not 100% but it gives us a better structure.
The end of the channel is tangential to the floor of the channel, ie the area where a is equal to c is exactly the intersection of the trend line and the rectangle . This does not happen if the price moves slowly and should be in the form of a pullback with a green trend line or finally Fibo 0.78.
If the previous floor breaks itself (wave 3 peak), we will be sure of this analysis, and we will also make sure that it is wave 5, but if it goes back and forth to wave 3 peak, we will have to re-examine the fine structure to make sure that Wave 2 was not for climbing according to the blue probability in previous analyzes.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments✍🏻
❤️Please, support this idea with a like and comment!❤️
Wave 4 is more likely because wave 4 should hit the bottom of the blue canal and then move upwards (it did the same thing I showed with the green circle), of course this is not 100% but it gives us a better structure.
The end of the channel is tangential to the floor of the channel, ie the area where a is equal to c is exactly the intersection of the trend line and the rectangle . This does not happen if the price moves slowly and should be in the form of a pullback with a green trend line or finally Fibo 0.78.
If the previous floor breaks itself (wave 3 peak), we will be sure of this analysis, and we will also make sure that it is wave 5, but if it goes back and forth to wave 3 peak, we will have to re-examine the fine structure to make sure that Wave 2 was not for climbing according to the blue probability in previous analyzes.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments✍🏻
❤️Please, support this idea with a like and comment!❤️