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 January 1, 2019
4:45 pm EST: GLD recently broke above it’s 200-day SMA (118.68) and is potentially completing a 4-year long bullish Inverse Head and Shoulders (IHS) pattern: with head at 100.23, neckline at 129.52 and target of 158.81. The 158.81 IHS target comes into play on a break above the neckline at 129.52. This move up from 100.23 would be the completion of the Primary Y (PY), of Cycle B (CB) wave.
GLD daily chart:
GLD weekly chart:
This entry was posted on January 1, 2019 at 4:42 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
gdx daily