IAG – I Am Gold

Now that IAG has completed Wave B of its Zig-Zag Wave Pattern, it is working on Wave C. The $2.50 area appears to be the area to scale-in and go long again. This time though, go long and stay long for a while (unless you are trading it). Look for IAG to start developing its next complete 8 wave cycle after it reaches its $2.50 correction area.

Remember the wave personalities – Wave C is typically very destructive, as IAG’s drop seems to be the last couple of days.