I haven't looked at Franco Nevada in a long while, maybe since March. White count was generated back then. The target box for 3 of (1) is unchanged; price met that objective. In this pattern wave 4 should have held above 61.47 top of 1 (see red line), but since it didn't I'll need to revise my count.
Blue Alt:
Might be looking at another (1)-(2), 1-2 here (blue count added today). Price held within the usual 38.2-61.8% retrace (log-scale).
Red Alt:
Also possible this move up was an A-B-C instead of 1-2-3 as shown (red count added today). In this bearish alternative, could see a corrective bounce before a powerful move down. Clearing the red box impulsively would add confidence this isn't the case.
Blue Alt:
Might be looking at another (1)-(2), 1-2 here (blue count added today). Price held within the usual 38.2-61.8% retrace (log-scale).
Red Alt:
Also possible this move up was an A-B-C instead of 1-2-3 as shown (red count added today). In this bearish alternative, could see a corrective bounce before a powerful move down. Clearing the red box impulsively would add confidence this isn't the case.