$XAU/USD (XAUUSD.CFD)$ According to wave theory for trading,...
According to wave theory for trading, the weekly downtrend has reached its target. The mini weekly 5-wave structure is also nearly complete. It may be cautious to go long at the current price level. 2541 is crucial, it might turn into 2531. The upward target can be seen at 2733.
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WaveRider : correct. we are at A of 4 now
102922433 OP WaveRider : Stopped out, not entering here. Will go long a bit lower between 2531 and 2514. The target remains 2733.
102922433 OP WaveRider : If he directly breaks 2560, it is also a direct long view.
WaveRider 102922433 OP : i suspect a B flat or extended flat.
WaveRider 102922433 OP : may i know from the drop 2790 till today, how many waves can you count? me can only see 7 at 4h chart.
102922433 OP WaveRider : 5 waves. The 4th wave is quite special. The 4th wave is a zigzag 5-3-5, with the middle 3 in an expanded flat form. The 5th wave failed due to the expanded flat form.
102922433 OP WaveRider : 现在A走完了，开始要B，C应该会跌到2430左右