Alikze »» XAUUSD| Wave B of corrective C
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🔍 Technical analysis: Wave B of corrective C
- According to the analysis presented before, in the 1H time frames, wave B has been able to have a three-wave upward correction.
- This correction has continued almost slightly above the 0.78 Fibo of the previous wave.
- It is currently broken below the 0.78 area with a selling pressure candle on the 1H time frame.
- According to the FVG gap in the 1H time frame, this return can be to fill the price gap.
- Therefore, I expect that considering that a BB occurred in the 15min time frame, the price faced selling pressure again after meeting the 0.78 fibo intersection and this correction took place in the form of a reversed wave C.
- Due to the fact that wave A from C was accelerated, wave 3 from C can move down as 3 waves or 5 waves.
💎 In addition, if the price can penetrate above Fibo 0.78, wave B can extend beyond wave A and then we have the structure of wave C correction, which will be updated in this case.
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XAUUSD
- According to the analysis presented before, in the 1H time frames, wave B has been able to have a three-wave upward correction.
- This correction has continued almost slightly above the 0.78 Fibo of the previous wave.
- It is currently broken below the 0.78 area with a selling pressure candle on the 1H time frame.
- According to the FVG gap in the 1H time frame, this return can be to fill the price gap.
- Therefore, I expect that considering that a BB occurred in the 15min time frame, the price faced selling pressure again after meeting the 0.78 fibo intersection and this correction took place in the form of a reversed wave C.
- Due to the fact that wave A from C was accelerated, wave 3 from C can move down as 3 waves or 5 waves.
💎 In addition, if the price can penetrate above Fibo 0.78, wave B can extend beyond wave A and then we have the structure of wave C correction, which will be updated in this case.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
XAUUSD Kommentera
According to the latest analysis presented, after filling the FVG gap, wave 2 of C has completed an upward correction in the Fibo range of 0.78 of the previous wave. It is currently in wave 3 of C. This corrective wave, as mentioned before, can advance to the target in three waves or five waves. Trade stängt: målet nått
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