Nouf,
I think it's important to remember who is creating the sentiment you are measuring on a chart?
People!
And people love good news!
So IMO, if no good news comes than the traders using charts as their only instrument to determine their wagers/investments will probably behave in the manner your chart suggests.
However if good news comes eg;
Increased production, increased return from sales from high prices ,reduced costs, increasing value of inventory as gold price rises.
To name some , then the investors will take control from the day trader and restore value, imo.
And a 5th wave won't matter at all.
Expecting a chart breakout on this one at this time. imo.
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