ElliottwaveForecast
Oct 24, 2:03 AM
$B — Is Barrick’s Correction Still Pointing Toward
$30?
Barrick Mining has developed a five-swing decline from the January 28 high, keeping the broader corrective sequence incomplete.
🎯 Key conclusion: the current Elliott Wave structure still allows further downside toward the
$30.55 area, with
$37.69,
$34.96, and
$26.14 acting as additional Fibonacci reference levels.
👀 Why it matters: the decline may eventually develop into a larger W-X-Y double correction, so labeling the bottom too early could be premature. The structure still needs confirmation before calling the correction complete.
Read the full analysis 👇
https://elliottwave-forecast.com/stock-market/barrick-mining-elliott-wave-wxy-correction/
#Barrick #GoldMiners #Gold #ElliottWave #Stocks #Trading
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