7 replies to this topic

[gannman]

i am counting the low on 9 / 1 as the end of the A wave

 

we are in a B wave down

 

we might not finish this correction to early oct fwiw so patience is required

 

just watching the waves i want to see a C wave down to have confidence the correction is over

 

 

[dougie]

B wave up right ?

[gannman]

yup

[SemiBizz]

One of these days... Pop...

 

right to 1400.

[SemiBizz]

 

 

So far GLD hasn't broken DOWN... We are inside the last day of strong volume on a lighter volume pullback, we have a possible nuther Freaky Friday coming up in the gold market... Nice gaps underneath are holding for a sign of strength...

 

If it breaks down and fills the gap... er, well once that gap-filling stuff starts we don't know where it stops until it stops...

 

Edited by SemiBizz, 09 September 2016 - 07:51 AM.

[SemiBizz]

So on the gold contract we go back to the foundation spike built in on the Brexit...

 

That summarizes the trading range, and the bottom of it has not been tested...

 

it's wide too 1253-1355

 

We are not far away from 1355 here and 1377 for that matter...

 

So we'll see if this turns into Freaky Friday in the gold market...

Edited by SemiBizz, 09 September 2016 - 08:18 AM.

[SemiBizz]

Like this...

 

[SemiBizz]

OOopsss

 

GLD First Gap is filling here...