MQP IVOR #001-2 SHORT TERM VOL
SUMMARY - Please like for support! First, please read all the "proofs" in #001 first. This is not an update, just more detail through 12/15. Link is here:
And then have a look at this chart here, I will explain in the details:
DETAILS - So if you read the proofs in #001, you will understand what all the background lines are for. In proof #001-14 you can see the long term layers are in break out position, meaning they are stacked in order from low to high. The extension for for these waves are the BOLDED DASHED LINES with mis-matched color. All we need is for the 8-day trend to change AND HIT ALREADY HAS in the RED WAVE IN FORECASTED CHART (this post). I don't see this getting pushed lower. Since I never say never, if price heads for the oval, target for 01/03 is 1960-2040, with 2015 a likely target. I have nothing to add until 12/15 if today's post holds through.
And then have a look at this chart here, I will explain in the details:
DETAILS - So if you read the proofs in #001, you will understand what all the background lines are for. In proof #001-14 you can see the long term layers are in break out position, meaning they are stacked in order from low to high. The extension for for these waves are the BOLDED DASHED LINES with mis-matched color. All we need is for the 8-day trend to change AND HIT ALREADY HAS in the RED WAVE IN FORECASTED CHART (this post). I don't see this getting pushed lower. Since I never say never, if price heads for the oval, target for 01/03 is 1960-2040, with 2015 a likely target. I have nothing to add until 12/15 if today's post holds through.
Comment:
typo above "IT ALREADY HAS..."
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FWIW - While I've been wrong before, I don't see the 2070-2140 from 12/29 to 01/03 changing. All number crunching still say that right this second. In order to change that, 1825 ceiling has to hold to 12/15, and THEN it's still a question of how high after that. Happy holidays!
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VERTICAL LINES event markers are still same (as in #001).
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BTW, I have stated before that gold likes to to push hard the opposite direction right before new moon. If it does it, the floor this push is 1740 bye end of 12/03 and hard spike up on 12/06.. Again, I don't see that happening.
