yes gold was oversold enough for a bounce point, quite a few of
us discussed yesterday as well. That said - if this is that major
wave 4 - this IS NOT the final bottom or end of the correction,
simply a bounce point.
Remember time symmetry, the major wave 2 consolidation lasted
months, therefore major wave 4 should take longer than 3 weeks. So
perhaps we start a B wave bounce of some sort that leads to a lower
high.
and that's if this is the correct count of course, there's
always variations, but it's what we favor for now
if this unfolds in a simple zig zag, then wave C in the future
will be your major swing buying opportunity
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RXRX nice follow through, SBUX trying
Posted by matt on 11th of Nov 2024 at 09:51 am
RXRX - Chart Link-
SBUX - Chart Link-
SBUX nice move up ex-div
Posted by mitchell on 15th of Nov 2024 at 09:46 am
SBUX nice move up ex-div today. Old open gap around 108 which is my target over time. ~10% upside
GLD trying to bounce Thanks
Posted by srusso1 on 15th of Nov 2024 at 09:56 am
GLD trying to bounce Thanks to Steve last night Chart on gold.
yes gold was oversold enough
Posted by matt on 15th of Nov 2024 at 09:59 am
yes gold was oversold enough for a bounce point, quite a few of us discussed yesterday as well. That said - if this is that major wave 4 - this IS NOT the final bottom or end of the correction, simply a bounce point.
Remember time symmetry, the major wave 2 consolidation lasted months, therefore major wave 4 should take longer than 3 weeks. So perhaps we start a B wave bounce of some sort that leads to a lower high.
and that's if this is the correct count of course, there's always variations, but it's what we favor for now
if this unfolds in a simple zig zag, then wave C in the future will be your major swing buying opportunity