[ABX] update

In the backlink I allowed for another wave higher before the next and final 5th of 5th of 5 down but instead the chart gapped down below the green support line shown below.  That strongly suggests that the blue path is being taken and you can see how I left a gap in the blue path to indicate the potential for a gap down.



Current snapshot is below.  I changed the count slightly but the result should be the same: 5 waves down from green 4 should give us green 5 which should also complete blue 5.  An $8 ABX is a strong, strong, once in a lifetime, generational buy and hold IMO.  Keep in mind that the level of the prior 4th here is $21.  Also, given that we are working on the 5th of 5th of 5 there is always the possibility that this will short stroke the 5th.  A break above the top rail of the currently forming HT would invalidate the HT and tell me that the bottom is most likely in.

I find the fractal aspect to the chart below interesting.  Green 3 is like blue 3 at one level of resolution smaller and green 4 appears to be a smaller version of blue 4.  Folks, the absolute best thing that could happen to M+M traders would be for ABX to go 5 waves down to the $8 level here because if it does it would mean my top level model is correct and that means load the boat on things like GDXJ with no time value in them at $18ish.  Once in a lifetime opportunity folks.