Hi all , i have an initial target of $4.67 for the monthly elliot wave 1 which is a 100% target for the gann swing 50% rule . Also i expect the next monthly low to come in early december so normally you will see the high form in the first third of the cycle . I nailed the recent low utilising time extensions as shown with the blue vertical lines. The horizontals are support/resistance levels . Wave 1 is normally longer in time and price than the preceeding wave c so once it has reached above the level of wave b it has done its job.
GXY Price at posting:
$4.38 Sentiment: Hold Disclosure: Held
