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    Duane
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    Possible beginning of decline. Something to look forward to next week !




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    eurusd primary analysis aug 26 1851 pm 1 day png
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    MarcinO
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    Cable is still rising, but I will be looking to reverse it, when confirmed, at 1.3175, 1.3220 and 1.3235. In fact, the last two values are subgroupings of one, monster area.

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    6b 2016 09 01 png
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    MarcinO
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    Cable went crazy! 1.3270 mya stop it (my previous levels have been taken out now).
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    MarcinO
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    It stopped exactly at 70.
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    MarcinO
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    It's even more crazy. 1.3380-90, is where they want to send it, I guess.
    RA
    rat89
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    in the event gdx wave major [2] ended at 25.17, major [3] should be underway and target 35.98 where [3]=1.23*[2] and 31.79 - 25.17 = 1.618 at 35.88

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    screen shot 2016 09 01 at 10 34 43 am png
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    rat89
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    gld 60 notes - This is a perfect area for a snap higher. From the high at 131.15 there is an ABC corrective move down, where B=.886*A, and C=A. The high at B retraced .886 of the A move. C has retraced 1.128 of the B move (at 124.30).

    115.20 - 131.15 = .382 at 125.06
    120.06 - 131.15 = .618 at 124.30

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    screen shot 2016 09 01 at 9 39 27 am png

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    screen shot 2016 09 01 at 11 28 53 am png
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    Duane
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    Yeah rat, great GLD chart I concur completely, should be a nice ride!
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    rat89
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    Thanks Duane....I neglected to mention:
    125.01 - 130.55 = .1.128 at 124.30
    DU
    Duane
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    Did not matter much, the reaction that you foresaw was accurate on my XAU/USD chart. Just an excellent example of a great set up. All the fibs, adjusted forks, wave count. High Probability trade. Nice work.