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To: #Breeze who wrote (115899)2/14/2024 1:20:42 PM
From: tracor  Read Replies (1) | Respond to of 116791
 
Nice read brz! Another bingo!



To: #Breeze who wrote (115899)2/15/2024 1:21:11 PM
From: #Breeze4 Recommendations

Recommended By
Anchan
mark2market
Sun Tzu
toccodolce

  Read Replies (1) | Respond to of 116791
 
GLD Wave Count Update. I've labeled the high on 12/1 as Wave i. Thereafter a correction ensued. Which I've labeled as a WXY.

Wave W was an abc pullback.

Wave X was an abc rally.

Wave Y unfolded as an abc pullback. I've labeled two scenarios for the Wave c of Wave Y. Typically the Wave c is a five wave pattern. If this is the current scenario, then today's rally is Wave 4 of C to be followed by Wave 5 of C and the correction would be complete.

But if the current rally moves above 186.70, then the case could be made that the correction ended yesterday. Why? Because a Wave 4 cannot overlap Wave 1, expect for an ending diagonal. The Wave c is a channel move. Breeze

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