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This would be my preferred Elliott Wave count on gold. A breakdown below 110 in GLD would invalidate this wave count. A breakout over 131 triggers a Wave 3 impulsive advance.
The (1) shown on your chart is definitely not an impulse with wave 4 overlapping wave 1. Back to the drawing board.
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This would be my preferred
Posted by goldnice on 16th of May 2019 at 08:44 pm
This would be my preferred Elliott Wave count on gold. A breakdown below 110 in GLD would invalidate this wave count. A breakout over 131 triggers a Wave 3 impulsive advance.
The (1) shown on your
Posted by steve on 17th of May 2019 at 08:05 am
The (1) shown on your chart is definitely not an impulse with wave 4 overlapping wave 1. Back to the drawing board.