Just as an example to show time and price in balance... 26 July (so that means 24 Friday or 27 Monday) was a turndate for me (a hard move expected). Also, the signals from my system (which I hid under the chart) show a BUY. Next to this, two TTheory time hits, point to a reversal (bottom) now. And my target of 557 was almost reached (Fibonacci trick).
Let's see if we continue upwards in the short term! :) This is how I trade the markets on a daily basis. Through the 60/15 minutes charts with signals and time reversal points.
Remember, I am still expecting a bottom somewhere in the beginning-middle of Augustus. I have shown this in my last analysis (which became an Editor's Pick). So just some percentage retracement up now and than the last move down towards this date to see the target(s) as shown in my last analysis, is my best guess. As always, I just follow the signals and turndates and some other time/price techniques that help me to figure out 'the truth'... :)
Also fun to mention: I finally see silver doing what it should have done way earlier! But hey, I am not in control of time, Yehovah is! :)
We saw a bottom on the 24th of July (turndate was the 26th of July) and knew a short term up move was coming because of the signals generated through my daily trading system. In total we only saw a move up of about 8 points before we went down again in some kind of triangle. This is bearish and in line with my expectation from my previous article Let’s see which target we will see in the beginning/middle of Augustus! Shalom, Im