JSE, Gold Fields, GFI

Looking at the wave structure between [2] and (3) Gold Fields has produced a perfect Primary [3]. This view examines the situation with an extended (3). Because if (3) were [3] and (4) were [4] then [4] would have entered [1] by 2 cents and one of the 3 rules of the Elliott wave theory would have been breached. Wave (4) would be better formed if it were a zigzag.