The progress following 3 since the previous post produced the high at the relocated [b] which is now [i]. This rethink was required when the price fell below the previously assigned location for Minor 4, which has been relocated to the preferred take of a sharp wave 4 which alternates with a complex wave 2. The completion of Minute wave [ii] is now anticipated.
This 2-hourly chart shows the symmetry that is appearing either side of the mid-wave correction that is apparently dividing Intermediate wave (3) into two similar impulsive patterns. Such action was expected not only because this is the middle wave of the 5-wave impulsive pattern but also because there was no alternation between (3)'-(4)' and (1)-(2).
And so it is logically expected that (3)-(4) will show the missing alternation when they arrive.
From: 29th Jan. am
This 30 minute chart for January 2020 finds a channel within the prospective Minor wave 4 of Intermediate (5).
Update: 24th Jan
The prospect of extension pattern as shown on the 13th Jan chart remains feasible.
From 16th Jan 2020:
Here is the chart without the extension of Primary wave [2]. It requires a less common interpretation of Intermediate wave (1) but otherwise has some good qualities about it. Most obvious is the Fib ratio for Intermediate (3) of [3] to Intermediate (1) at exactly 1.62.
Typical projections: [3] = 1650; [4] = 1450; [5] = 1785
From 13th Jan:
This daily view of XAU/USD finds the second extension of Intermediate wave (3) of Primary wave [3] of Cycle V to be at a replication point and showing a similar pattern to that of the (2)-(3)' leg. 
The lack of alternation between the Intermediate corrective waves was the indicator for further extension. The pattern expectation for (3)-(4) is sharp.
LINK: Gold Cycles
No comments:
Post a Comment