tag:blogger.com,1999:blog-4251274909260261631.post2166417866656727087..comments2024-03-29T02:43:21.464-04:00Comments on Elliott_Trader: Weekly GoldElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4251274909260261631.post-64277328278277829372017-07-31T03:05:06.807-04:002017-07-31T03:05:06.807-04:00Thanks Joe! I have been following the GDX chart fo...Thanks Joe! I have been following the GDX chart for a while. It also suggests a "non-limiting" triangle as Glenn Neely puts it.Anonymoushttps://www.blogger.com/profile/12412650222891327330noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-31568810561477561752017-07-29T21:21:58.725-04:002017-07-29T21:21:58.725-04:001. Yes. It is 78.6% of A-B.
2. IF the triangle fo...1. Yes. It is 78.6% of A-B. <br />2. IF the triangle forms properly exit to the down side. If not W-X-Y with exit to the upside.<br />3. References and reading material on the main website studyofcycles.com;<br /><br />Best regards to your studies.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-29635996891024231942017-07-29T19:04:30.755-04:002017-07-29T19:04:30.755-04:00Thank you so much Trader Joe! I had noticed that ...Thank you so much Trader Joe! I had noticed that triangle look to gold and your explanation is so very helpful! May I ask, when you say the C wave of a symetrical triangle is likely to retrace to 78.6, how did you measure to give the dotted black line and potential c ? Is that 78.6 of A-B ? These are such useful things to look for, I feel sure I should be able to find some of them by reading without bothering you quite so much - is there a book you would recommend? Finally, I believe I understand the implication of this being a zig-zag a-b-c wave up (meaning gold would then fall afterward), but I'm not entirely sure what the implication of the triangle as you have posited in the first image...does the fact that the proposed triangle is rising from ((A)) up to A suggest that the action is likely to rise at the end of the triangle or fall? (I'm sorry to be so ignorant. :( )carpenteraunthttps://www.blogger.com/profile/13671785412243273250noreply@blogger.com