Function – Counter-trendMode – CorrectiveStructure – TrianglePosition – Blue Wave X of larger degree red wave IVDirection – Blue wave Y of larger degree red wave IVDetails – Wave E of the triangle could have completed or might take one more rally into 2051-2057 supply zone. A breakdown below 2008 should confirm the start of blue wave Y which could see the price off to 1985-1975 key zone. However, a surge above 2044 suggests wave (E) might correct higher into the supply zone mentioned. However, the entire Triangle structure becomes invalid above 2065.Technical Analyst : Sanmi AdeagbotMore By This Author:
Elliott Wave Technical Analysis: Gold
