XAUUSD has killed all the weak bears in January and especially in February. It really turn my patience down. Your count looks good. Like usual.
What is strange is the moment in time. In most of the cases, the important turns happen at the month end or right in the middle (not so often). The price pattern of oil (which looks bullish) and the potential bearish turn in EURUSD and XAUUSD would need a trigger. Watching out Middle East ...
I was born on July 20th 1983. I have been trading since 2007 and using Elliott Wave analysis since 2008. I also use trendlines, fibonaci, candlesticks and various indicators to determine a future direction of price.
Hi Jeremy!
ReplyDeleteXAUUSD has killed all the weak bears in January and especially in February.
It really turn my patience down.
Your count looks good. Like usual.
What is strange is the moment in time. In most of the cases, the important turns happen at the month end or right in the middle (not so often).
The price pattern of oil (which looks bullish) and the potential bearish turn in EURUSD and XAUUSD would need a trigger. Watching out Middle East ...
Best regards,
Catalin
Hi Catalin,
ReplyDeleteYes you're correct about killing the weak bears and the trigger could simple be a technical one in the form of breaking the trendline.
Friendly greetings,
Jeremy