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POSTING INFORMATION
Could up do a Gold EW update too Gabe?
I posted this at the Forum just:
To add to what Schism said and I echoed on another post: @tent? Your pattern that failed, get your upper trendline and duplicated it to the bottom. Bounced perfectly today off the symettry. I know you’re a symettry kind of guy. Potential flag? Was a divergence etc which was shouting out today.
Also something personal to me: my initial target post breakout is looking at 1485 (a fib retracement from THE top and THE bottom). Using the recent December low as the flagpole till 1361? As the flagpole, adding it to this potential flag gives us a target in 1480’s. Very interesting.
Edit: The move from 1366 to 1306 we can take as an A. The rebound a B. The drop that concluded today was he exact same length as the initial drop…could be a C complete. More or less 50% fib too of entire move up.
However I note you see it as a Wyz?
Agreed Wazcam. I was expecting a zig-zag for gold. Looks to me more like a Flat correction now (3-3-5).
Update chart with gold.
Thanks for taking the time to update your Charts! Really appreciate it! Now we wait for market to decide what happens…first step is nice strength.
I like those counts Gabe. They look really good.
Thks KenS. Mr Market will decide …