THIS IS SPOOKY! - GOLD 3000 pip drop looming? - Don't Miss This!
Have you ever heard the saying, "The market leaves clues?"
I don't think the market has left us bread crumbs this time. I think we may have been left a giant cornucopia for this Thanksgiving.
The picture on the left is a market cycle gold went through in 2010. The picture is one we are currently going through in 2020.
The similarities between these two cycles is SPOOKY! I found 3-4 more similarities but I can't include them because it will clutter the chart.
Let's begin with the tools I used.
I used price action, liquidity behavior, market structure, fib retracements, and fib time zones for this.
I used the fib zones because these patterns differ 5 times in size. I needed a tool that would help me find where I was in respects to each pattern.
I started the fib at the beginning of each range, that caused the downtrend, and measured to the bottom of each downtrend (1.0)
Top:
Both of the tops are very similar Each of them have almost identical volume behaviors and mitigation points. (Red)
Another factor is they were both previously an ALL TIME HIGH (Gold)
After the top breaks, we tumble all the way down to a 1.618 ext - 2.0 ext drop from the range....then we find support.
After that downtrend finishes we get a thrust up, and you can see in both examples that price trades sideways.
RIGHT BEFORE EACH BULL RUN THERE IS A FAKEOUT - (purple)
The fake outs both respect a .618 pullback, and they both occur at 1.618 point in time.
PRICE APPROACHES THE MITIGATION / POC / EQUILIBRIUMS LEVELS - (red)
after approaching a strong bearish level.
THEY EACH GIVE A FLASH CRASH ! - LOL (red)
search the flash crash of 2010, and we all know corona in 2020.
both happen at 2.0 in time
but wait.....
there's more..
...
PRICE PUMPS UP 1 TIME, AND THEN A 2ND TIME (blue)
High #1 recovers the crash
High #2 attacks the all time high.
and, finally..
TRICK OR TREAT - (orange X)
Price closes back under the all time high within 4 bars, then drops 38.2% to retest the flash crash.
THE BIG QUESTION - WILL HISTORY REPEAT!?
If it does we would have a 3,000 pip drop and that retest would be happening at the start ish of 2021.
Leave your thoughts below!
Please like or share this, I put some time into this one and I'd greatly appreciate it.
Have a good weekend.
(sorry for typos)
I don't think the market has left us bread crumbs this time. I think we may have been left a giant cornucopia for this Thanksgiving.
The picture on the left is a market cycle gold went through in 2010. The picture is one we are currently going through in 2020.
The similarities between these two cycles is SPOOKY! I found 3-4 more similarities but I can't include them because it will clutter the chart.
Let's begin with the tools I used.
I used price action, liquidity behavior, market structure, fib retracements, and fib time zones for this.
I used the fib zones because these patterns differ 5 times in size. I needed a tool that would help me find where I was in respects to each pattern.
I started the fib at the beginning of each range, that caused the downtrend, and measured to the bottom of each downtrend (1.0)
Top:
Both of the tops are very similar Each of them have almost identical volume behaviors and mitigation points. (Red)
Another factor is they were both previously an ALL TIME HIGH (Gold)
After the top breaks, we tumble all the way down to a 1.618 ext - 2.0 ext drop from the range....then we find support.
After that downtrend finishes we get a thrust up, and you can see in both examples that price trades sideways.
RIGHT BEFORE EACH BULL RUN THERE IS A FAKEOUT - (purple)
The fake outs both respect a .618 pullback, and they both occur at 1.618 point in time.
PRICE APPROACHES THE MITIGATION / POC / EQUILIBRIUMS LEVELS - (red)
after approaching a strong bearish level.
THEY EACH GIVE A FLASH CRASH ! - LOL (red)
search the flash crash of 2010, and we all know corona in 2020.
both happen at 2.0 in time
but wait.....
there's more..
...
PRICE PUMPS UP 1 TIME, AND THEN A 2ND TIME (blue)
High #1 recovers the crash
High #2 attacks the all time high.
and, finally..
TRICK OR TREAT - (orange X)
Price closes back under the all time high within 4 bars, then drops 38.2% to retest the flash crash.
THE BIG QUESTION - WILL HISTORY REPEAT!?
If it does we would have a 3,000 pip drop and that retest would be happening at the start ish of 2021.
Leave your thoughts below!
Please like or share this, I put some time into this one and I'd greatly appreciate it.
Have a good weekend.
(sorry for typos)
Comment:
Looks like it's written in the stars