Next week will be the moment of truth for Barrick Gold from an EW perspective. Ende of wave two or not? ultimate goal wave three is 41 USD. Good luck everyone :-)
ABX has a strong weight in GDX which does not look like its close to bottoming. I agree with the C wave, but I think more of a ABC-X-ABC with the last BC yet to come. This would take us to a lower region, completing equality waves A and C (I disagree with the bottom of your wave A, should be the lowest low, A is an ABC X ABC).
Thanks for sharing.
Terl
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The count is much clearer on the Toronto Exchange. I will buy at 15 CAD.
PS: You say wave 3.. or C ;)
AST
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@Terl, thanks for the comment. CAD looks better i agree. Here is actually a mistake: wave 2 and wave 4 overlap.... not the case in CAD, but makes this USD count invalid. so i agree with the corrective pattern in USD double or tripple). I made the count in CAD as well, have a look. Hope Gold itself will stopp falling soon to, otherwise all miners will continue to suffer i guess