Sibanye, look liks only 3 waves pull back For now we favour shorts to target new lows
Elloitt waves = bearish Harmonic pattern = bat , bearish
In wave 4, resistance at the 38,2% Fib level Should see new lows whilst below R32
First December that I will be bearish on GOLD all looks corrective, lets see
Elloitt waves - at least 3 waves down to previous wave 4
Any brave traders out there?
wait for that pull back to trigger bullish pattern
only below that line we will rethink the bullish scenario.
bearish impulse - do not try to spot the bottom here
We could see prices even lower, wave 3 not done yet Selling pull backs
Liking this head and shoulders pattern. Wave b and right shoulder now in place We should hit support at that neckline soon
5 waves down from top and we are bearish whilst the top is in place
EurUsd suggest one more low and then we turn bullish