How do we determine Major wave and sub wave within. I would have labelled Wave I and Wave II & would not have thought of sub wave 1/2/3 if not for your post. In addition what is your thought on end of Wave V (green label)
Hi Umesh, When dealing with a real-time market, all wave counts are tentative. We trade our counts. We know our critical levels and our stops. Those who come up with correct wave counts all the time are arm-chair analysts. The purpose of labels is to remind us where we are in our current paradigm.
Hi, Ramki
Thanks for the recent article on Marketwatch. Gold chart worked out as you predicted. Wave 4 ended at $1485, final fifth wave of the third of wave C ended at $1180 and now “complex fourth wave of a higher degree”.
Will you elaborate more on what is this “higher degree” wave?
HI Abhay, I don’t have one because I haven’t spent time on it! But maybe I will post something, now that you have made me curious about what is happening there! But no promises.
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Hi Ramki
Is the green wave (II) (above red wave 1) a misprint and the red wave 1 starts from the top ($1795)?
Trevor, No, it is not a misprint. What is missing is the label for end of green wave I.
Thanks for your timely insight on the probably direction. Much appreciated Sir!!
Regards,
Sunny
Dear Ramki
Another timely update from you, many thanks
How do we determine Major wave and sub wave within. I would have labelled Wave I and Wave II & would not have thought of sub wave 1/2/3 if not for your post. In addition what is your thought on end of Wave V (green label)
Regards
Umesh
Hi Umesh, When dealing with a real-time market, all wave counts are tentative. We trade our counts. We know our critical levels and our stops. Those who come up with correct wave counts all the time are arm-chair analysts. The purpose of labels is to remind us where we are in our current paradigm.
what is your thinking on gold now when it already corrected to level of 61,8%
Giang, I think a short term top is now in place for a move down to 1420
Hi
i see gold must down to 1267 to complet the wave C and here C = 161.8 A
Hi, Ramki
Thanks for the recent article on Marketwatch. Gold chart worked out as you predicted. Wave 4 ended at $1485, final fifth wave of the third of wave C ended at $1180 and now “complex fourth wave of a higher degree”.
Will you elaborate more on what is this “higher degree” wave?
Hi Grawsha, As this is a current trade on my Premium Service, I would prefer to wait until the trade is closed out before responding.
Hi do you think the down trend is over .thanks
Ay, If Gold trades below 1255 now, it would signal that we will get one final move lower.
Hi Sir,
Do u have latest count on COMEX Gold?
HI Abhay, I don’t have one because I haven’t spent time on it! But maybe I will post something, now that you have made me curious about what is happening there! But no promises.
hi ramki sir
gold is again near 1200, its third time, i think its finally 5 th over,