I think it won't work.... It's possible a pull back towards 1308 but not below than that. Let's wait
You can relabel your count as 1,2 and i,ii. I think 1348 we completed wave B and wave C is still in progress which could be end around 1333 again before uptrend. Wait for today's close for extra confirmation.
alex.a
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@VRShaiju I am a newbie. Would you mind if I ask where did you learn those wave counts? Nice website, perhaps? Thanks -
But, I heard non-farm payroll with Gov shutdown data will be included in the pre-GDP. Then it will shot up, I presume.
Serkan G
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then it will hit over 1400......any idea why the home selling data is not released today?
Serkan G
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but its correct what you heard.....they will be included in the pre-gdp and also the data of California are again not included in the todays data
Serkan G
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is possible ... there are two possibilities: one is the shoulder head shoulder formation which you have on your chart and the other one is still that gold keeps going on the flag formation, i think there will be no tapering next week, so there will be no reason the gold fall under the 1327.......
Citimilo.
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People will soon realize the US economy is in fast recovery after the debt shock. A lot of companies will start hiring after the worry is gone, at least for a while.
You can relabel your count as 1,2 and i,ii. I think 1348 we completed wave B and wave C is still in progress which could be end around 1333 again before uptrend. Wait for today's close for extra confirmation.