Red wave a of D most likely ended just above the ideal target at 1,276, with its test of 1,277.70 and we are now working on red wave b of D.
Short term I would like to see this red wave a move a little higher to just above 1,298.57 and thereby break above the reflex point confirming that red wave a did indeed end at 1,277.70 and red wave b now is developing. The ideal target for red wave b is in the 1,334 - 1,348 area, from where we should see renewed downside pressure below 1,277.70 for a decline towards 1,180.
0 Komentar untuk "Elliott wave analysis of Gold - Short term count"