Extra (Ad-Hoc)

GOLD – Local upward impulse to continue – December 8th, 2020

A double zigzag in a position of wave ((a)) or ((w)) has been finished. It seems like there’s a developing upwards impulse, which supposed to be wave (a). If correct, the market should continue unfolding possible wave (a).

Broadly, a large third-wave rally is over, so a fourth-wave correction is taking place. In this case, we should keep an eye on the 0.382 retracement level of wave 3 (1725.70) as a potential target for wave 4. If a pullback from this level happens next, there’ll be a moment for wave 5 of (C) to begin.

GOLD – Downward double zigzag to end soon – November 27th, 2020

Let’s have a look at more detailed wave count. It seems like there’s a developing double zigzag in a position of wave ((a)) or ((w)). The current local correction is supposed to be the fourth wave of wave c. If correct, wave ((5)) is about to begin, so the market should break the low of wave ((3)) shortly.

Broadly, a large third-wave rally is over, so a fourth-wave correction is taking place. In this case, we should keep an eye on the 0.382 retracement level of wave 3 (1725.70) as a potential target for wave 4. If a pullback from this level happens next, there’ll be a moment for wave 5 of (C) to begin.

GOLD – Third-wave rally about to finish – November 23rd, 2020

A large third-wave rally is over, so a fourth-wave correction is taking place. In this case, we should keep an eye on the 0.382 retracement level of wave 3 (1725.70) as a potential target for wave 4. If a pullback from this level happens next, there’ll be a moment for wave 5 of (C) to begin.

Bitcoin – Third-wave rally about to finish – November 23rd, 2020

The market has been rising since wave ((ii)) finished as zigzag. The fourth wave of wave ((iii)) formed as a triangle, so the current advance is likely wave (v) of ((iii)). If correct, the price should break the high of wave iii shortly, and a bearish correction will be about to begin after that.

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