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 March 27, 2020
GLD has retraced to 155.66 just below the 88% Fib of 156.58 for major [2]-P1-CC. The next move should be a major [3] wave to a target area of 123.50 pivot, where [3]=1.38[1]. The 23% Fib for major [4] is at the 130.5 pivot and then there should be a final major [5] wave down to 119.83 to complete P1-CC.
GLD Daily Chart (EOD 3-26-20):
GLD Weekly Chart (EOD 3-26-20):
This entry was posted on March 27, 2020 at 9:02 am 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. Both comments and pings are currently closed.
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