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
Posted by pugsma on July 9, 2018
The red count looks like a major [B]-PY-CB completed as a flat wave (double bottom) of 117.40 with the major [C]=[A] target of 138.72.
The blue count needs to keep falling towards the 107.00 level in major [1]-P3-CC.
GLD daily chart:
GLD weekly chart:
This entry was posted on July 9, 2018 at 5:08 pm and is filed under GLD, Premium. Tagged: Elliott Wave Technical Analysis, Gold Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
rat8nine said
abx, nem, gdx 15
rat8nine said
gld daily – would appear to be at a make or break area here for all the counts, with a poke below 117.40 not to 117.36. Even it the blue count wins out, a local failure to break down here if the bear side blinks could set up a reasonable bounce. Interestingly enough, the dollar is down slightly along with gld this morning.
pugsma said
rat8nine said
gdx 15 – line to line