Wednesday 8 July 2020

JSE, Gold Mining Index, J150

Update 13th July:
 A small overshoot and away it goes.



From 8th July:
The investigation of the approach of the Primary [3] continues. Prospective targets of [3] = 2 [1] and the active (5) = (1) are indicated.
This count for [3] sees that a normal completion at [3]' existed but interprets what would normally be wave [5] as an extension of [3]. This view is adopted because a number of gold related instruments require a correlational extension for compliance with the rule for impulse waves of the 4th may not enter the 1st. The other consideration is that it is normal for the 3rd wave to be the one that extends.
The said extension has been at a higher pace than the first phase of the wave and it is already with a greater price change. The use of correlation continues.


cerebrum cibum


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