AngloGold Ashanti (JSE) South Africa

70 0
Using Elliot Wave and Fib my analysis indicates that we are nearing the end of a C wave within an ABC retrace off of the top of 20 feb 2019. I believe we are in wave v 0f C. It may also be that this vth wave is truncated and we have already reached the bottom but i suspect we will hit a lower low where wave v will extend to the 1.23 or 1.61 of A fib retracement bringing us into the range of the 4th wave of one higher degree (wave 1). 154-134 is the range i believe we will see a bottom.

I am very new to Wave Analysis but i find it is amazingly accurate. any advise using elliot will be greatly appreciated. I have only read the book and all my understanding comes from reading Elliots theory by Prechter. Awesome read.. but it is somewhat complicated especially when trying to spot certain patterns (leading and ending diagonals particularly).


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