XAU/USD 240Min NEo Wave Plot (2 Apr 2014)

PREFFERED STRUCTURE:- “Flat”

                Minute Degree Wave (a) :-1227.70 to 1286.01=10.31 pts (5TU).

                Minute Degree Wave(b) :-1288.01 to 1278.36=9.65 pts (7TU).

                Minute Degree Wave  (c ) :-1278.36 to still not concluded (Still 4TU consume).

Ø  Time Rule:-

No three adjacent wave of the same degree can simultaneously equivalent in time.

Condition A-

If the first two segments of the pattern are equal in time,the third will consume    much less    or more time than either one of the other two taken separately.

Condition B-

If the second segment is much longer than first,the third segment will equal the first or relate to it by 61.8% or 161.8%.

Condition C-

If none of the waves are of the same time duration,they may related by a Fibonacci ratio.

PREFFERED STRUCTURE TARGET:-

Ø  1271.50

Ø  Time Frame-1920 Min(approx 32hr).

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