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Thursday, March 10, 2016 9:44:53 AM
AU Daily Chart
I'm still sticking with this original Elliott Wave expanding diagonal formation on AU, gang. Everything is still 3 wave movements. This first move down should take us to around 0.71 and then we see a bounce. The first move down is usually very choppy but you can never tell. Each wave in the 5 wave series on these little boogers tends to have it's own personality.
After that bounce, it should tank hard back to wrap up a Wave 4 bottom somewhere in the 0.68 area.
I'm still sticking with this original Elliott Wave expanding diagonal formation on AU, gang. Everything is still 3 wave movements. This first move down should take us to around 0.71 and then we see a bounce. The first move down is usually very choppy but you can never tell. Each wave in the 5 wave series on these little boogers tends to have it's own personality.
After that bounce, it should tank hard back to wrap up a Wave 4 bottom somewhere in the 0.68 area.
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