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Kindly Zoom for the Elliot wave count. 1800 will be a good buy

업데이트됨

Kindly Zoom for the wave count. I am sharing this method that could potentially be a good mechanical strategy. There are three layers (major/sub-major/minor). I follow the pink trendline from the major layer to determine the market direction but wait for retracement to the fib bands on sub-major and minor layers. Its good to combine with RSI divergence and EW count. I believe 1800 will be good buy maybe around election time.

노트

Pink 'curve' not 'trendline'

노트

Bulls have to be careful of traps

노트

Any daily reversal candle around 1810 will be a good BUY

노트

I have 2 guesses for bullish view.
1. COVID-19 second wave might turn Gold attractive again as a save haven which could later cause "Gold crash" by end of first quarter once vaccine news start rolling out.
2. Stimulus would come after election - crazy view though. If Rep looses, they might agree to the terms of Dem on stimulus (maybe they are just be waiting for a good time to play "You just lost a good and empathetic leader game").

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