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Posted 24 November 2021 - 02:58 PM
Posted 10 November 2021 - 02:58 AM
Most important is to keep an eye on the bigger picture. The retrace to to the 0.618 of wave 1 marker would be the most typical event to expect, but the equal legs target lies at the dotted line. The RSI can easily accommodate further downside.
Below is the US ADR listing of Sibanye Gold. This version has a gap which will close with a 0.618 retrace of wave 1, making that a magnetic attraction. Equal legs for the retrace lies a little further below at the dotted line. Here again the RSI has plenty to give.
Edited by Snippit, 10 November 2021 - 03:00 AM.
Posted 03 November 2021 - 08:31 AM
The hourly chart provides an unpacking demonstration within Minute wave [iii] of Minor wave 1. The present situation is seen as the development of Minute wave [i] of Minor wave 3 of the extension of Intermediate wave (3) within Primary wave .
Edited by Snippit, 03 November 2021 - 08:32 AM.
Posted 13 October 2021 - 09:57 PM
Time to assess the extent of any pent up sentiment.
Posted 08 October 2021 - 02:39 PM
The daily chart here gives clear indications of the completion of the correction..
Posted 16 September 2021 - 08:06 AM
This weekly chart is seen to be completing an Intermediate degree 3rd wave transition into extension.