Price is on the verge of entering my target box for intermediate wave (A). I have drawn some new fibs (yellow) to track the minor C wave lower and refine our target area. As you can see, the 2.0 extension fib falls within the expected target area. I have also added on the 2.382 & 2.618 in the event that this thing wants to extend lower. I imagine that wave (iv) will complete within a week or two. After which price should continue heading lower to complete (A).
Judging by the rest of the pattern, I would say (A) looks like it will likely complete in the next 2-4 weeks. Sound familiar? I think many tickers will be bottoming from now until then at which point the broader market will have a decent move higher. Time will tell, but I like what I am seeing in regard to GLD.
Judging by the rest of the pattern, I would say (A) looks like it will likely complete in the next 2-4 weeks. Sound familiar? I think many tickers will be bottoming from now until then at which point the broader market will have a decent move higher. Time will tell, but I like what I am seeing in regard to GLD.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers, a daily zoom call with members to discuss latest analysis, and to learn EWT. Get a 7-day FREE trial with sign-up.
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.