MQP INFINITE REGRESSION INTERMEDIATE #008-3 BREAK OUT ALERT!!
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SUMMARY - If you've been reading me at all, I said last Friday that bullish outcome was better than 5:1 AND that #008 was 40% vs #007 at 30%. Right now, I can say that bull outcome is better than 8:1 (possibly closer to 9:1) AND #008 is standalone at least 67% vs all other outcomes combined. The only question left is: what will price do for next 23 days?
DETAILS? - First read, #008-1 and #008-2 (to understand context of the 4 blue lines, 2 dark blue for resistance, 2 light blue for support). I wrote #008-2 to explain my reasoning for #008-3 (this post you are reading). So basically, gold is in the PROCESS OF BREAKING 2 RESISTANCE LINES SIMULTANEOUSLY (the two dark blue lines). The first top dark blue DTL (down trend line) is from August 2020 high. The second dark blue line is the UTL from connecting lows of March 2020 with March of 2021. One is down trend resistance and one is up trend resistance. They are both resistance lines. This was actually the primary reason I chose #007 over #008 until Friday's price-action cleared up the short term picture. Now that #008 is the favorite by a wide margin, this is the remaining possible weakness left before CONTINUOUS MASSIVE BREAK OUT between December 3rd through April of 2022. As I stated in #008-1, this path is much more difficult to determine short term routes. In this instance, the strategy should be BUY ANY WEAKNESS. With that said, please understand that this post is not my standard map. It is an attempt to find the weakest possible levels. That is to say that 1780 may hold ALL THE WAY THROUGH, and anything under that should be a strong buy *especially if your window is more than 5 months out".
STRATEGY? - Relatively speaking, the entry window has remained consistent since #007-1. Lows should be Nov 16 to Dec 03, my intuition say more likely between Nov 22 and Dec 01. But this situation is so rare, that (as long as you are not paying options depreciation, focus on price. This bolded box is the same light gray box in the notes for #008-2. As of this second, I don't have a reason to expect it to get hit. If it does, it is an ABSOLUTE STRONG BUY between 1750-1770. If price falls under 1750, stop buying and wait it out. HARD STOP LOSS 1730.
PERSONAL NOTE - This is the ABSOLUTE BEST OPPORTUNITY on an R/R basis that my methodology has ever projected. Meanwhile, my software is essentially complete. This has been thoroughly checked over and over and over.
I will add when I can, but I am SUPER SUPER BUSY RIGHT NOW. With that said, I WILL POST IMMEDIATELY SHOULD CONDITIONS FOR #008 (DECEMBER EXPLOSIVE MOVE UP) CHANGE MEANINGFULLY. Nothing above 1740 would change December outcome as it stands right now.
SUMMARY - If you've been reading me at all, I said last Friday that bullish outcome was better than 5:1 AND that #008 was 40% vs #007 at 30%. Right now, I can say that bull outcome is better than 8:1 (possibly closer to 9:1) AND #008 is standalone at least 67% vs all other outcomes combined. The only question left is: what will price do for next 23 days?
DETAILS? - First read, #008-1 and #008-2 (to understand context of the 4 blue lines, 2 dark blue for resistance, 2 light blue for support). I wrote #008-2 to explain my reasoning for #008-3 (this post you are reading). So basically, gold is in the PROCESS OF BREAKING 2 RESISTANCE LINES SIMULTANEOUSLY (the two dark blue lines). The first top dark blue DTL (down trend line) is from August 2020 high. The second dark blue line is the UTL from connecting lows of March 2020 with March of 2021. One is down trend resistance and one is up trend resistance. They are both resistance lines. This was actually the primary reason I chose #007 over #008 until Friday's price-action cleared up the short term picture. Now that #008 is the favorite by a wide margin, this is the remaining possible weakness left before CONTINUOUS MASSIVE BREAK OUT between December 3rd through April of 2022. As I stated in #008-1, this path is much more difficult to determine short term routes. In this instance, the strategy should be BUY ANY WEAKNESS. With that said, please understand that this post is not my standard map. It is an attempt to find the weakest possible levels. That is to say that 1780 may hold ALL THE WAY THROUGH, and anything under that should be a strong buy *especially if your window is more than 5 months out".
STRATEGY? - Relatively speaking, the entry window has remained consistent since #007-1. Lows should be Nov 16 to Dec 03, my intuition say more likely between Nov 22 and Dec 01. But this situation is so rare, that (as long as you are not paying options depreciation, focus on price. This bolded box is the same light gray box in the notes for #008-2. As of this second, I don't have a reason to expect it to get hit. If it does, it is an ABSOLUTE STRONG BUY between 1750-1770. If price falls under 1750, stop buying and wait it out. HARD STOP LOSS 1730.
PERSONAL NOTE - This is the ABSOLUTE BEST OPPORTUNITY on an R/R basis that my methodology has ever projected. Meanwhile, my software is essentially complete. This has been thoroughly checked over and over and over.
I will add when I can, but I am SUPER SUPER BUSY RIGHT NOW. With that said, I WILL POST IMMEDIATELY SHOULD CONDITIONS FOR #008 (DECEMBER EXPLOSIVE MOVE UP) CHANGE MEANINGFULLY. Nothing above 1740 would change December outcome as it stands right now.
Comment:
DECEMBER OPTIONS PLAY:
Comment:
DECEMBER OPTIONS PLAY NOTE: The two orange boxes above are entries for the back to back December trades.
VERTICAL LINES: Same as before. Orange is CPI, red is PPI, gray is ADP, black is NFP, yellow is new moon, blue is FOMC.
VERTICAL LINES: Same as before. Orange is CPI, red is PPI, gray is ADP, black is NFP, yellow is new moon, blue is FOMC.
Comment:
TYPO "if your EXIT window is more than 5 ..."
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