history repeating?, page-4

Menta,

Have to disagree with you on that one.

Wave 5 on the daily chart closed about $15 below Wave 3, so technically it completed a lower move on a closing basis as per the chart above.

But for argument's sake let's call 3 and 5 even (as per Gold's candlestick chart), then we have what is known as a truncated fifth wave. i.e. Wave 5 does not move beyond the end of the third.

So either way Wave 5 is done and dusted IMO, meaning higher prices ahead once this minor correction has completed.

Cheers
Elpha

Note: my opinion should not to be relied upon nor considered as advice of any kind. DYOR.