In Last Session First We Witness Zigzag With Running Flat As a B Wave of Zigzag,After That We Again Witness Zigzag Which Will Retrace Previous Zigzag Almost More Than 90%.
Always Remember Any Running Variation Is Comes Before The Extended Wave.
We Can See After Running Flat We See The Extended Wave C Of Zigzag.
This Kind Of Behavior Most Of Time We Witness When Larger Pattern In Is Flat and Triangle .
Today Also We Will Witness Some Sideways,Rangebound Market but After Breaking Certain Level May Lead Next Major Move.
If Larger Pattern Is Flat Then We Can Say The Wave C Of Flat Will Be Fail Because Of Complexity Level Of Wave A And Wave B.
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Initial Watch :-
Positive :- If XAU/USD Is Able To Hold 1317.10/1312.39 Then We Will Witness More Upside In The Form Of Double Corrective.Then I Will Give x Label To That Monowave.Target Is 1332.87/1337.04,But Its Very Less Chances Of X Wave.
Negative :- If XAU/USD Is Unable To Hold 1317.10/1312.39 Which Leads Minor Weakness.Target May Less Than 1304.77. But If Break 1304.77-1303.20 Then We Will See Some Short Term Top Is Done And We Will Witness More Downside.If Not Then We Will label it As Wave C Of C-Failure Flat is Conclude And We Will Witness Major Upside.
For Intraday Update :-Click Here
Thank You.
Happy Disciplined Trading.
Always Remember Any Running Variation Is Comes Before The Extended Wave.
We Can See After Running Flat We See The Extended Wave C Of Zigzag.
This Kind Of Behavior Most Of Time We Witness When Larger Pattern In Is Flat and Triangle .
Today Also We Will Witness Some Sideways,Rangebound Market but After Breaking Certain Level May Lead Next Major Move.
If Larger Pattern Is Flat Then We Can Say The Wave C Of Flat Will Be Fail Because Of Complexity Level Of Wave A And Wave B.
_________________________________________________________________________________
Initial Watch :-
Positive :- If XAU/USD Is Able To Hold 1317.10/1312.39 Then We Will Witness More Upside In The Form Of Double Corrective.Then I Will Give x Label To That Monowave.Target Is 1332.87/1337.04,But Its Very Less Chances Of X Wave.
Negative :- If XAU/USD Is Unable To Hold 1317.10/1312.39 Which Leads Minor Weakness.Target May Less Than 1304.77. But If Break 1304.77-1303.20 Then We Will See Some Short Term Top Is Done And We Will Witness More Downside.If Not Then We Will label it As Wave C Of C-Failure Flat is Conclude And We Will Witness Major Upside.
For Intraday Update :-Click Here
Thank You.
Happy Disciplined Trading.
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