GLD remains a STRONG BUY!Target: $155
GLD Wave Count:
Wave 1: 350% Gain, 2313 Days, 6.3 years, ended: 9/11
Gains:
Wave 2: (46.07%), 1552 Days, 4.3 year, ended: 12/15
Impulse Waves:
1- 74.84% (Normal=Retrace>.236)
3-80.81% (Normal=1-1.618)
5-181% (200% of Wave 3)
Correction Waves:
2-(23.12%) - 212 days
4-(34.29%) - 154 days
Currently, GLD has formed a Bullish Leading Diagonal.
Primary Wave:
Impulse Waves:
1-5.68%
3-19.39%
5-14.04%
Complex Correction: ZigZag & Zigzag
ZigZag: (18.41%), 163 days
Second ZigZag: (14.25%), 202 days
Primary Wave 3 Target: $135-$155
Minor Wave Count:
Currently, in the Minor wave count we have completed waves 1,2,3, and 4. The 5th Primary Wave broke the extension trigger (.618/$117) which is causing the 5th impulse wave to extend. Also, if you draw a channel trend line from Terminal 1 to Terminal Wave 3 you will see that the 5th Wave has broken through the top of the channel. This is another indication of an extended 5th wave.
Will update.
-AB
Trade active
Note
Option Trade: 15 FEB 19 125 CALL: $.45Sell entire position or at least 2/3 position at $1.00.
Note
15 FEB 19 125 CALL: .49 (Current Price)Note
15 FEB 19 125 CALL: .62 (Current Price)Note
Note
Option check: .72Note
Option Check: .68Note
Sold Position. Trade was a double.
Trade closed: target reached
Note
Still Long Gold! Option Trade over.Trade active
Note
18 APR 19 125 CALL $2.52Note
Sell 1/2 postion @ $5.04Note
New option trade.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.