Hope All Enjoy The Last Sessions Entire Move, Last Session We Write Complete Move Of Wave-C Of Zigzag As Well As Post Pattern Implication Of Zigzag (Please Check Last Chart).
Let's Discuss More About Pattern Implication -
The Essence Of Logic Rules Is "Post-Pattern Market Action Must Adhere To Specific Type Of Behavior Which Is Forecasted Upon The Pattern Just Completed."
In Book Mastering Elliott Wave Sir Glenn Neely Used Numerical Scale Form -3 To +3
0=0% To Beyond 100%(+)
+1 and -1=No More Than 90%.
+2 and -2= No More Than 80%.
+3 and -3=It Should Be Retrace The Least Around 60-70%
The Lowest Rating (i.e.-3) Belongs To Market Action Which Is Very Detrimental To Upside Price Potential.
The +3 Rating Is For Pattern Which Are Very Beneficial For The Continuation Of Upside.
Any Pattern Which Conclude Upward And having +2 or +3 Rating Should Not Be Fully Retraced By The Next Pattern Of The Same Degree.
Caveat: In Triangle And Terminal Impulse The Post Pattern Implication Of One Pattern May Not Transfer On The Next Leg Of The Same Degree.
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Initial Watch:-
Positive:-If XAU/USD Is Able To Hold 1317.36/1315.83 Then Uptrend Will Continue,Above 1323.84 More Strength Will Come.
Negative:-If XAU/USD Is Not Able To Break 1323.84 Then Minor Weakness Will Come,Below 1317.36/1315.83 More Weakness Will Come.
Keep Eyes On Weekly,Daily SAR Levels.
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com
-------------------------------------------------------------------------------------------------------------------------------
For Intraday Update- Click Here
Thank You.
Happy Disciplined Trading.
Let's Discuss More About Pattern Implication -
The Essence Of Logic Rules Is "Post-Pattern Market Action Must Adhere To Specific Type Of Behavior Which Is Forecasted Upon The Pattern Just Completed."
In Book Mastering Elliott Wave Sir Glenn Neely Used Numerical Scale Form -3 To +3
0=0% To Beyond 100%(+)
+1 and -1=No More Than 90%.
+2 and -2= No More Than 80%.
+3 and -3=It Should Be Retrace The Least Around 60-70%
The Lowest Rating (i.e.-3) Belongs To Market Action Which Is Very Detrimental To Upside Price Potential.
The +3 Rating Is For Pattern Which Are Very Beneficial For The Continuation Of Upside.
Any Pattern Which Conclude Upward And having +2 or +3 Rating Should Not Be Fully Retraced By The Next Pattern Of The Same Degree.
Caveat: In Triangle And Terminal Impulse The Post Pattern Implication Of One Pattern May Not Transfer On The Next Leg Of The Same Degree.
-------------------------------------------------------------------------------------------------------------------------------
Initial Watch:-
Positive:-If XAU/USD Is Able To Hold 1317.36/1315.83 Then Uptrend Will Continue,Above 1323.84 More Strength Will Come.
Negative:-If XAU/USD Is Not Able To Break 1323.84 Then Minor Weakness Will Come,Below 1317.36/1315.83 More Weakness Will Come.
Keep Eyes On Weekly,Daily SAR Levels.
-------------------------------------------------------------------------------------------------------------------------------
Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com
-------------------------------------------------------------------------------------------------------------------------------
For Intraday Update- Click Here
Thank You.
Happy Disciplined Trading.
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