I would just like to point out that AU is about hit a huge pitchfork and major .618 retrace of the large WXY pattern that it completed on the weekly. When I zoom in as I did here, you see a 5 wave.. Wave 3 is extended, so I would expect a short wave 5. Equal length to wave 1 basically takes you right to the .618 barely breaking pitchfork. As far as profit targets, there are some different things that can happen here. It could go up a lot forming some structure, it can also just continue down trend but I would expect a reaction from this area. This is more about trying to time a low risk entry and seeing what happens.
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