While it would lead to both a proportionally short wave D and a proportionally short wave circle-c within D there are reasons to consider the idea that D of a triangle may be complete at April 25th lows. After a corrective-appearing bounce for wave circle-b, the subsequent decline doesn’t appear impulsive. However, it does fit the rules for an ending diagonal and that sets the stage for the possibility of an E wave bounce. Keep in mind, this isn’t the only possible interpretation. Check other charts for our most likely alternate.
3. Gold 4 Hour
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