Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see it confirmed by multiple timeframe sinewave signals. We're now working on the corrective wave of this rectacement ( the A to B wave ). Which normally plots as ZigZag and tends to be the case here. Looks like we've made the first impulse of our sub ZigZag... working on the corrective wave (that appears to be a barrier triangle on daily chart). The next move should be a 3 wave bullish impulse reaching out to 100-127% extension of the previous wave. Completing this will give us our B point of major count that we will the sell for the second corrective wave of the monthly corrective count. It can seem messy... but hold on, zoom in and take the time to read ! You'll have much clearer sight of what would be about to come ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators
Wondering if you have a (M,W,D) CHARTS with Elliott forecast for aud/usd or eur/usd or dollar or all 3 ... liked your gold charts .thanks
PRO_Indicators
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@Essendon, Thanks ;) Will take care oh that if have some spare time today (well that's not gonna be that easy ^^) I'll certainly do the Dollar within the next days anyhow. Maybe EUR/USD as well. AUD I don't trade that currency against the dollar but I do trade the cross with NZD. This is what I have for it. Just bought it BTW ;) Scenario happened to be exactly what I anticipated on this one.
pmcllc
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I thought that too an irregular flat correction and then down to the end of fifth wave end below 1000's
PRO_Indicators
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@pmcllc, well corrections can be very complex but this one has high probability to end up as regular zigzag on monthly. Mostly because of the ending diagonal that terminated A wave. This is typical from zig zag so I'ld expect the prices to respond as anticipated. At least to reach B point ;)