I see a completed sequence of 5 waves on 1-hour charts this
morning. Likely a wave down is completed of some sort, and
currently in a retrace to the upside. It could be a zigzag pattern
unfolding, as /NQ has not completed its top on the daily chart.
There is high-lot selling on /GC at the moment near resistance
1917. It could be merely profit taking without affecting the
trend which is up into the February highs.
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I see a completed sequence
Posted by junkie on 13th of Mar 2023 at 12:29 pm
I see a completed sequence of 5 waves on 1-hour charts this morning. Likely a wave down is completed of some sort, and currently in a retrace to the upside. It could be a zigzag pattern unfolding, as /NQ has not completed its top on the daily chart.
There is high-lot selling on /GC at the moment near resistance 1917. It could be merely profit taking without affecting the trend which is up into the February highs.