Hello, in this video, I go through Gold Elliott Wave structure on a cycle level (again) before zooming in on the latest 5-waves structure that is Cycle level wave 4. I talk about using existing broken trendlines and how that allows me to determine the strength of a move when there are false breakouts, whether to the upside or the downside.
Lastly, I discuss on how to trade this on the short-term using lower timeframe and price action. Most importantly, where to set the stop and the rationale for it.
Good luck!
Lastly, I discuss on how to trade this on the short-term using lower timeframe and price action. Most importantly, where to set the stop and the rationale for it.
Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.