Gold bottomed exactly at $1857, rallied $70 in 6 days. Risk/Reward: 1:4.5.
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: Watch for 3-wave (A-B-C) pullbacks that move against that trend. Confirmation : Professional traders often wait for Gold bottomed exactly at $1857, rallied $70 in 6 days
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Wave 4 must not enter the price territory of Wave 1 (no overlap).
Most traders look for corrections. Pros trade them. In HEW, a flat correction (3-3-5) becomes a harmonic .
to finish, as these are the most predictable areas where harmonic reversals occur. 2. Spot the Harmonic "Overlap"