BEAR – MONTHLY ELLIOTT WAVE COUNT
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BEAR – DAILY ELLIOTT WAVE COUNT
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BULL – MONTHLY ELLIOTT WAVE COUNT
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There are at this stage three likely structures for primary B for the bull wave count .
Please note: these three ideas work in the same way for Gold. There, these three ideas are three structures for cycle wave b. These will be published at the weekly chart level for Gold next analysis and each day thereafter. One by one they may be eliminated until only one is left.
BULL – DAILY ELLIOTT WAVE COUNT – EXPANDED FLAT
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BULL – DAILY ELLIOTT WAVE COUNT – TRIANGLE
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BULL – DAILY ELLIOTT WAVE COUNT – COMBINATION
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A double zigzag should be eliminated for primary B because the X wave would be far too deep. For a combination intermediate (Y) is most likely a flat, but it may also be a triangle.