Critical support for [GLD]

Per the backlink model shown below, the typical stopping point for these falling wedges is either at the lower rail often with a throw under (red) or mid channel (blue).  Either way, while Avi and EWI were acting a bit confused, my primary model said "down":


But now we are at mid channel and the easy part is behind us.  So the herd has some decisions to make.   IF the E wave of JNUG is to play out then I think the red model below, which nobody is mentioning at all right now, is interesting and therefore my primary model for now.  We should know from tomorrow if this is correct or not based on the behavior of JNUG.  A big DDT at the top rail would seal the deal on one more big red wave down, likely to a throw under finish.  Note that if this happens then it creates a H+S as well.