Long term DOWI channel from 1913. We're currently in megaphone pattern which means next move should be down into 5000 area. Correspondingly gold will first fall into 800 area, then shoot up to reach 1-2 ratio between gold and DOWI.
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cfetrader
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Nice chart. In my opinion the Elliott sequence is 1929 wave (I), 1932 wave (II), 2000 wave (III), 2020 (?) wave (IV) target 5000-6000 DOW and then rising wave (V).