As I Told We May Witness C-Failure Flat,And We Witness C-Failure Flat,Last Leg Of Flat Again Having Wave B As A Running Variation Of Flat And We Can See Wave C Extended Of Zigzag.
Always Remember Running Variation Is Always Come Before Extended Wave.
From Last Four Sessions We Are Witnessing Zigzag Let's Discuss More About Zigzag-
Initial Watch:-
Positive:-If XAU/USD Is Able To Hold 1313.68/1310.79 Then We Will Witness Some Upside Like 1323.05/1325.94.
Negative:-If XAU/USD Is Not Able To Hold 1313.68/1310.79 Then We Minor Downside We Will Witness, Major Weakness Is Below 1303.02
For Intraday Updates -Click Here
Thank You.
Happy Disciplined Trading.
Always Remember Running Variation Is Always Come Before Extended Wave.
From Last Four Sessions We Are Witnessing Zigzag Let's Discuss More About Zigzag-
- Zigzag Is Having Identified Series 5-3-5,And Compacted Structure Is :3
- Wave A Should Be Impulse In Structure And Should Not Retrace by Wave-B More Than 61.8%.
- Wave B Must Be Corrective And Should Not Retrace More Than 61.8% Of Wave-A Measure From Its Terminus.
- Wave C Price Range Is 61.8% To 161.8% Of Wave A, Unless It Is Part Of Triangle.% Exceed But It's Not Necessary To Do So.
- The Post Pattern Implication of Zigzag is +/-100% .
Initial Watch:-
Positive:-If XAU/USD Is Able To Hold 1313.68/1310.79 Then We Will Witness Some Upside Like 1323.05/1325.94.
Negative:-If XAU/USD Is Not Able To Hold 1313.68/1310.79 Then We Minor Downside We Will Witness, Major Weakness Is Below 1303.02
For Intraday Updates -Click Here
Thank You.
Happy Disciplined Trading.
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