The first two uplegs (blue line) generate (through the formulas) the future uplegs (red line) as the price heads to it’s peak at W5(5). The Time, Price and Percentage of each leg up & down are shown on the edge of the chart.
So having left W4(A) behind the next 16 months we are heading up to W4(B). Presumptions are that the blue line (actual gold price) will stay above the red line for the first 1/2 of the next upleg falling to below the red line for the second half of the upleg and rising steeply into the peak of W4(B) as gold likes to do.
Perhaps gold’s final top is W4(D) or W5(1) or higher and perhaps the timing doesn’t play out right but this presumably will be something close to the shape of gold’s rise over the next few years.
[I’m certainly going to be bookmarking this chart and checking back from time to time. If it works out with reasonable give and take then I think Nick will achieve Guru status within the precious metals internet community!]