Jump to content



Photo

so heres my take


  • Please log in to reply
1 reply to this topic

#1 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 09 December 2016 - 05:50 PM

the final leg down started nov 9 lets call it the c wave 

 

we have completed waves i ii iii and iv of the c wave

 

wave v of the c wave is now in force it started 12/7 around noon

 

it looks like we have completed waves i ii and iii of the final leg 

 

so i expect some kind of a rally and then the final low probably on fed day 

 

that is my take fwiw

 

 

 


feeling mellow with the yellow metal


#2 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 09 December 2016 - 05:52 PM

and as bad as it feels the xau is still sitting above the 50 % retrace of its wave i rally so it feels worse than it actually is it feels like it has given everything back it hasnt 


feeling mellow with the yellow metal