HMY - Correction Nearing an EndHarmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks:
Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down.
Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then make one last bounce upwards before the final leg down.
Either count would have HMY bottom within a month or so and potentially take us down to the 2.60-2.40 range.
