TA also screams enthusiam for wave counting bulls.
ALY displays the mother of all patterns ... 5 up followed by 3 down ... with the next set of 5 underway.
Textbook 5-wave advance from 1.2c in May to 3.3c this month.
At the top, a negative divergence on the RSI said 'sell'.
A textbook 62% retrace in 3 waves bottomed @ 2c on the 18th.
The run up to 2.8c on 20th is the w1 of the next set of 5.
Yesterday's 2c is the bottom of w2 and an advance with w3 today will follow the bullion bounce.
The bullish flag breakouts on the GDX and GDXJ in US overnight signals the lead for goldies in AUS today.
No-brainer!
TA also screams enthusiam for wave counting bulls. ALY displays...
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