[GLD] update

Nothing has really changed since the backlink model below except that the red case has been strengthened a bit by the formation of what could end up being a HT.



As you can see in the current model below, the HT is far from assured at this point.  But if it does form then we still cannot be sure the meaning of it.  Is it the 4th wave?  If so, 5 will be the same length as 1 which is shown in the red model below.  But if it is treated by the herd as a B wave (B of 5 of an ending diagonal) then C could be the same length as A resulting in a nasty capitulation take down of M+M.  For now the red path below is primary but not by much.