I am leaning to the triangle count for the wave (iv) (grey TLs), and within this count I am going to watch the levels:
- 1326 for confirmation of the wave (iv) is done
- 1306 for invalidation of the triangle count - then 1300 would be my next support and 1294/1297 range - meaningful signal region for indication of possible top in place (not much likely alternative)
Technically, we still may see wave c of (e) of the wave (iv) triangle - but it should hold above 1306.7 (ideally -above 1309).
if the count is correct then next move - wave (v) of 3 to the upside - is expected to reach 1336 (minimum target) or extend to 1361
Respect Nature
Friday, June 27, 2014
Gold
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