I thought that it is ready to go, but then noticed 1524 which I notified you in the updates, Reached and dropped but not far. That was a break-even trade. BUT because of that 24 and because of the transition cycling ( you see what happens when there is the cycling in my previous ideas ) it gave a buy bias. But the concern is timing. Transitions have them.
Because of the timing in this move up phase to phase rules are broken, so my bet is on another sharp and volatile move down. It works like this:
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If this is right then something similar goes for Silver. Consider trading both!
A pattern is not a pattern before it is actvitated! Then it should be called a setup. The difference between a set up and a pattern is a set up has no prognostic value. A coin always has two sides nomatter how much you try to flatten it. A set up means it might evolve to a certain pattern. It might also though evolve to something completely else. We dont know and thus should acknoledge that by using the right word set up! The problem with Prechter Schoolers is in general with very few exceptions they can't recognise a running correction set up. Most often they cant even recognise running corrections in hindsight.
BenBernanke1
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@bracken, why do you bothering comment, you bring absolutely nothing of value to this idea.
bracken
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@BenBernanke1, How stupid of me! I should have known better.
TheZabisyu
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@BenBernanke1, They can't understand that I'm an intraday guy on Gold. Nothing goes in a straight line, and that's where I come in.