Gold's WolfeWave Pattern

Yes Karla.. EL is EntryLevel for the ABC.
It is automatically plotted during ABC pattern build along with Stop (DarkRED Line) and Targets.

Regards,
Suri

Quote from Karla.F:

thanks yes that's what i have.

EL would habe been your entry trigger for this abc move?

best
karla
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I'm a little confused here, I understand the wolfe wave pattern (maybe I don't really with this question) but are you long from the EL entry point or short gold?
 
hi inks2002,

The above pattern is ABC Bearish pattern.
In ABC Patterns, trades are made in the direction of AB from 'C' and below suggested Entry Level. In Bearish ABC patterns, it is short trade below 'C'. Here EntryLevel is marked for Short below 936. Currently @ZG at 200-SMA (magenta line) for potential support.

Regards,
Suri

Quote from inks2002:

I'm a little confused here, I understand the wolfe wave pattern (maybe I don't really with this question) but are you long from the EL entry point or short gold?
More...
 
Here is Gold's Breakout and potential Price/Time Cycle Projections.

Regards,
Suri

attachment.php
 

Attachments

not that it will fall into oblivion ..

great timing..exactly on the lower fork line.
now it is time for the 100% target

if your ABC tool finds a new candidate, please let us now *g

karla
 

Attachments

Hi Karla,

Thanks for your post.
Here is Gold's Price/Time Projection chart.

Regards,
Suri

attachment.php


Quote from Karla.F:

not that it will fall into oblivion ..

great timing..exactly on the lower fork line.
now it is time for the 100% target

if your ABC tool finds a new candidate, please let us now *g

karla
More...
 

Attachments

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