Since that post, blue 2 was invalidated by going lower than red 5 ever so slightly. As a result of this the blue path below has now opened up to indicate one final collapse possible before the Avi bottom is put in. I think red and blue models below are very nearly equally possible; the herd is on a knife edge and can go either way. Yes it has the look of a DDT but also the last wave found support center channel which is a common ending point. Failure to break out very very soon pushes odds toward the blue path.
So while that is not very helpful I will say that if this follows the red path which I am favoring ever so slightly here then it should gap up and out that top rail. If we get a few gold miner stocks doing this it could ignite an upward panic by the whole mining herd. I do not own this but would look to get some on the first dip following a break out.
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