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Tuesday, October 4, 2016

Elliott Wave Update 4 October 2016

We'll keep tweaking the count as necessary. As long as prices keep gyrating around the 2015 resistance axis, the count is looking ok. The thing about labeling potential triangles is that you tend to label them too early in their development.
Gold long term count. Although wave [B] should retrace a minimum of a Fibonacci 38.2% (it has), time-wise the ratio of [A] to [B] seems too short.

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