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Dollar, Oil, & Gold: Key Wave Countscaptainewave Oct 13, 2024 We continue to work on a very large wave B bearish triangle and within that triangle all of wave ^c^ ended at the 114.75 high. We are now falling in wave ^d^. Wave ^d^ cannot fall below the wave ^b^ low of 71.46 for this triangle formation to remain valid. Wave ^d^ needs to consist of at least one abc pattern but can have up to 3 such patterns. Within wave c, we completed wave -i- at 100.31, wave -ii- at 106.38 and wave -iii- at the 99.86 low. We should be now rallying in wave -iv-, which has a 50% retracement level of 102.21. We have now reached that retracement zone, so we need to be guard for its completion and the start of another drop in wave -v-. Our current projection for the of wave c of ^d^ is: C = 1.618a = 84.28. Trading Recommendation: Go short. Use a stop at 107.10 Wave i ended at the 103.65 high and we are now falling in a lengthy and complex wave ii correction. Our retracement levels for all of wave ii are: Our minimum target for the end of wave c, is the wave a low of 63.57. After wave ii ends, we expect a very sharp rally in wave iii~ If the wave counts are confusing… We need to be on guard for the completion of wave @iv@, perhaps at the 2604.20 low, and the start of another rally in wave @v@. We did have a key daily reversal higher in Friday's day session! Our current projected endpoint for wave @iii@ is: @iii@ = 1.618@i@ = 2836.00. We are thinking that wave @iii@ may still be subdividing and still heading higher. Our projected target for the end of wave -iii- is: Trading Recommendation: Go long gold. Use puts as stops. Thank-you! Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. 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