GOLD, GOLD, GOLD! - Update
Updated
GLD remains a STRONG BUY!Target: $155
GLD Wave Count:
Wave 1: 350% Gain, 2313 Days, 6.3 years, ended: 9/11
Gains:
Wave 2: (46.07%), 1552 Days, 4.3 year, ended: 12/15
Impulse Waves:
1- 74.84% (Normal=Retrace>.236)
3-80.81% (Normal=1-1.618)
5-181% (200% of Wave 3)
Correction Waves:
2-(23.12%) - 212 days
4-(34.29%) - 154 days
Currently, GLD has formed a Bullish Leading Diagonal.
Primary Wave:
Impulse Waves:
1-5.68%
3-19.39%
5-14.04%
Complex Correction: ZigZag & Zigzag
ZigZag: (18.41%), 163 days
Second ZigZag: (14.25%), 202 days
Primary Wave 3 Target: $135-$155
Minor Wave Count:
Currently, in the Minor wave count we have completed waves 1,2,3, and 4. The 5th Primary Wave broke the extension trigger (.618/$117) which is causing the 5th impulse wave to extend. Also, if you draw a channel trend line from Terminal 1 to Terminal Wave 3 you will see that the 5th Wave has broken through the top of the channel. This is another indication of an extended 5th wave.
Will update.
-AB
Trade active
Note
Option Trade: 15 FEB 19 125 CALL: $.45Sell entire position or at least 2/3 position at $1.00.
Note
15 FEB 19 125 CALL: .49 (Current Price)Note
15 FEB 19 125 CALL: .62 (Current Price)Note
Note
Option check: .72Note
Option Check: .68Note
Sold Position. Trade was a double.
Trade closed: target reached
Note
Still Long Gold! Option Trade over.Trade active
Note
18 APR 19 125 CALL $2.52Note
Sell 1/2 postion @ $5.04Note
New option trade.Trade closed: target reached
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