SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on January 24, 2017
11:15 pm EST: GLD price at 116.17 has reached the 38% retrace of the move down from 131.15 to 107.00. Price has also reached the down channel resistance line on the 4-hr chart. This should produce a GLD price drop that could be the major [B]-P2 wave (primary count) or the P3 wave (alternate blue count).
GLD 60-min chart:
GLD 4-hr chart:
GLD weekly chart:
This entry was posted on January 24, 2017 at 11:13 am and is filed under Add-On Service, GLD. Tagged: Elliott Wave Technical Analysis, Gold Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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