Very hard to trend against the sector / sentiment. Once it turns we will be in for a very good run.
It has traded down into the 4th wave territory now, in what I can best make out as a double zig zag correction, (I originally thought it was a straight forward abc with a 5-3-5 structure). Might see a small rally then a final run down test of the 4th wave low at 15.5c. This is now a deep correction at >61.8%.
We still have time to finish this correction before, in my opinion, a commodities / gold bull market really fires up.
Given that this will be trending up in a bull market and on great fundamentals I don't see any reason why this won't get to the 261.8% fib level at $1.5, absolute minimum will be the 161.8% fib level or $1.
Only time will tell.
@W3hunter @myleogb @W3Booster - this appears to me like an easily recognizable wave structure, any thoughts?
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