THE LAST PRS IDEA, UPDATE 4. 2485-2535 11/01-11/10.
WHAT HAS CHANGED SINCE 9/04? NOT MUCH.
Notes:
Blue route is strong favorite, after everything has been considered. This means sideways to up and breaking 2075 by 10/07, topping 2500 zone in early November. This would be followed by roughly 20% correction that would take 60 days to complete in an EXTREMELY heart-breaking manner.
The black route is the most bullish outcome that while theoretically possible, probably won't happen. If we see 2100 by 10/02, this would be a coin flip.
I do not see a legit bearish outcome without 2450 getting hit. In the (what I consider to be) unlikely scenario that an 18xx number gets tagged first week of October, then this implies a 2700 target in late January or early February for dark red route. However the blue route is a massive favorite. Regressionally-speaking, black route would be more likely to happen than orange, red, or dark red routes. The green route is the most annoying way to 2500. While it's a massive dog vs other bullish outcomes, it's still likelier than a visit to 1850. Not worth discussing at this time.
Notes:
Blue route is strong favorite, after everything has been considered. This means sideways to up and breaking 2075 by 10/07, topping 2500 zone in early November. This would be followed by roughly 20% correction that would take 60 days to complete in an EXTREMELY heart-breaking manner.
The black route is the most bullish outcome that while theoretically possible, probably won't happen. If we see 2100 by 10/02, this would be a coin flip.
I do not see a legit bearish outcome without 2450 getting hit. In the (what I consider to be) unlikely scenario that an 18xx number gets tagged first week of October, then this implies a 2700 target in late January or early February for dark red route. However the blue route is a massive favorite. Regressionally-speaking, black route would be more likely to happen than orange, red, or dark red routes. The green route is the most annoying way to 2500. While it's a massive dog vs other bullish outcomes, it's still likelier than a visit to 1850. Not worth discussing at this time.
Comment:
Some food for thought? This is Varied-Ratio Regression forecasting I've finished this last month. Here is an example of VRR detailing prior to forecasting:
1 of 6:
1 of 6:
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2 of 6:
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3 of 6:
4 of 6:
4 of 6:
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Above chart was 5 of 6.
Here's 6 of 6:
Here's 6 of 6:
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So what does that mean, the 6 charts?? It means that which ever way you cut this, the move after 9/25 is very likely to be massively up. And also very likely to top by 11/11. How high?? My math says 2510. This new VRR forecasting is a MASSIVE MASSIVE improvement over 6-angles of PIRL previously presented in June/July to forecast the the massive move to 2000s.
How so? It provides 3X the evidence and will make 1/3 of the mistakes of previous forecasts. It is also true that it will attempt less specific forecasts than before with exception of specific situations that happen but 6-7 times a year per instrument.
How so? It provides 3X the evidence and will make 1/3 of the mistakes of previous forecasts. It is also true that it will attempt less specific forecasts than before with exception of specific situations that happen but 6-7 times a year per instrument.
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Basically, I have this rough draft of next 5 months in mind:
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Note: chart above to reference outline only. Not meant to contrast regression angles or ratios.
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Until next week:
What I've learned with VRR is WHEN it's right to make derivative chart and when it's not. Basically there are times when prices swing in a zone constantly w/o really affecting longer regressions. In those situations, it's a complete waste of time to forecast zig zags. If the trend holds for those 6 charts to 9/23-ish, it would be worth the time for a 6-week derivative map. This makes it so much more worth the time to make even more valuable to have.
What I've learned with VRR is WHEN it's right to make derivative chart and when it's not. Basically there are times when prices swing in a zone constantly w/o really affecting longer regressions. In those situations, it's a complete waste of time to forecast zig zags. If the trend holds for those 6 charts to 9/23-ish, it would be worth the time for a 6-week derivative map. This makes it so much more worth the time to make even more valuable to have.
UPDATE 3>>
www.tradingview.com/...E-3-BEARISH-IS-2425/
UPDATE 2>>
UPDATE 1>>
www.tradingview.com/...T-PRS-IDEA-UPDATE-1/
ORIGINAL IDEA
BEARISH TO BULLISH