GOLD ELLIOTT WAVE ANALYSIS: 22 NOV, 2024
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange.
The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed.
After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments.
The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending.
ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange.
The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed.
After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments.
The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending.
ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
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