applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Wednesday, 5 July 2017
Gold Mining Index J150 (JSE) daily
Elliott theory has very few hard rules. One of them is that the 2nd wave cannot dip below the start of the 1st wave. If it does then the count is wrong. Here is an example of taking this rule to the limit.