NEo XAU/USD: XAU/USD Daily NEo Wave Plot (10.07.2014)

Wednesday, 9 July 2014

XAU/USD Daily NEo Wave Plot (10.07.2014)

What A Impulsive Move We Witness In Last Session!!!! Hope All Remember My Weekly Update Update As Well As Facebook Update Given In Last Session.
After Impulsive Move Am Excited To See What Is Unfolding.
Today We Will Discuss More About Impulse-
Essential Construction Rules Of Impulse:-

Five Adjacent Segments Must Be Present(Monowave Or Larger),Which Meet The Structure Series Requirements Of Trending Or Terminal Pattern And All As A Whole Moving Upward Or Downward.
Three Of Those Five Must be "Thrust" In Same Upward Or Downward Direction.
Immediately After The First Segment,A Minor Move In Opposite Direction Takes Place Called As Second Segment Which Can Not Retrace The Entire First Segment.
The Third Segment Must Be Larger Than The Second Segment.
Immediately After The Third Segment. A Minor Move In Opposite Direction Of The Third(But The Same Direction As Second Segment)Takes Place Called As Segment Four.The Forth Segment Never Retrace All Of Third Segment.
After Completion Of The Forth Next Fifth Segment Takes Place In Opposite Direction Of Forth But Same As First And Third Segments.The Fifth Segment Always And Almost Longer Than Forth But Only Has To Be Atleast Price Wise 38.2% Of The Forth Segment In Case Of 5th Wave Failure.
When The Vertical Price Distance Covered by First,Third And Fifth Segment Are Measured And Compared,The Third Segment if Does Not Appear Longest Should Not Be Shortest Of The Three Segments.

If Single Rule OF The Above Rule Is Not Adhered To The Market Action You re Analyzed By Default Its Must Be Not Impulsive And Should Be Corrective Or Your Wave Group Combined Incorrectly.If It's Corrective Proceed To Correction Section.
--------------------------------------------------------------------------------------------------------------------------------

Initial Watch:-

Positive :-Of XAU/USD Is Able To Hold 1321.55 Then We Will Witness More Upside.Above 1333.47 More Strength Will Come.

Negative:- If XAU/USD Is Able To Break 1321.55/As Well As Daily SAR Level Then We Will Witness More Downside,Below Weekly SAR Level Major Trend May Change.