HEADER - This is testing reverse methodology (IRT PRIMARY, IRL SECONDARY). Price is retesting solid support (for this time frame).
SUMMARY - This is what I get if I use IRT as main engine and IRL for support.
DETAILS - I would BUY THIS DROP. Otherwise, bold forecasted lines lead skinny lines. Dark forecasted lines lead light lines. Reverse engineer for...
HEADER - Regressions say pivot is in in a big way.
SUMMARY - As I said this morning in 1G, less detail, more usefulness.
DETAILS - We are going to the first box where our plans for December-January short is still good, the levels though have changed. Please read previous links for background below ESPECIALLY THE LAST ONE, 1G. I will add notes later.
HEADER - This is the culmination of seven years of development in linear regression forecasting. This is what I have dedicated seven years of my life in order to do. That was seven years of hard work, seven years of data mining, seven years of "being a fool" and "chasing a ghost", seven years of blood and sweat and tears and most importantly, seven years I...
GDX chart on the 1D and 3D time frame.
-Miners look good here, imo. 1D 13/48 MA cross, but not yet on the 3D. Five waves down watching for big impulse here.
-Price has touched back on $27 possible head and shoulders trendline.
-On 3D price has breached downsloping trendline
None of this should be interpreted as financial advice, I am not a professional or...
Short term Elliott Wave View in Gold Miners ETF (GDX) suggests it has started a new bullish cycle from 10.13.2022 low. The rally from there is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave 1 ended at 25.4 and dips in wave 2 ended at 22.58. The ETF extends higher again in wave 3 towards 28.49 as the 45 minutes chart below shows....
From my analysis this are my targets for the comming month. Mid December more or less, is my stimated time to get them
GDXJ: fill the gar at that levels.
GDX: Same, could reach 35$-36$ (now at 25$)
And gold....back to somewhere close to 1.920$
Good times coming, and dangerous, as ususual.
Good Times Tomorrow, Hard Times (The Long Ryders)
HEADER - This is what happens when I put "1F" through reconciliation of all waves through multiple ratios and settings of PIRL, IRL, and IRT (wave tracer).
SUMMARY - So all of "PART 1" is focused on "THE REAL PIVOT", hence its title. In 1B, I charted generic 65-day chart, 1C was detailed 65-day chart, 1D was where I saw the binary nature of mid-January, 1E was...
In my honest opinion Gold will head much much higher in the next decade, and the double top at 2070 is bound to break. In the short term it also looks fairly bullish as it has reclaimed several key support levels, along with the 200-400 DMAs and the diagonal trendline. Getting up to 1900-1920 over the next few days or weeks definitely seems possible.
HEADER - This is an attachment to PART 1, as promised. The path to 1450.
SUMMARY - This is price action through April 2023, but the focus is on price through 01/20.
STRATEGY - Short first black box, cover second black box.
DETAILS - The extreme upside momentum is about to run out by 11/21 or 11/22, next Monday or Tuesday, so the very first gray box. But price...
While Gold fell yesterday due to interest hike fears and China's economy.
I believe the Gold still has more upside.
Currently, looking at gold miners ETF. Believe that it might fall to support level ($26 area) and bounce back higher.
Aiming for around the $ 30 area..
However, should it break $26, I will exit my trade.
HEADER - This is what my work was meant to do, forecast prices beat for beat. Let's see if its worth anything.
SUMMARY - Please read previous posts for background. LInks are below. This is the finalized cheat sheet for 60 days as discussed in "PART 1E".
STRATEGY - If prices moves to 12/22 beat for beat through the black boxes following gray highlight,...
HEADER - This is an update to PART 1C.
SUMMARY - I thought a great deal about my process over the weekend. I don't want to end this work because I made a mistake. So this chart cover the major outcomes I can see. Links to priors below.
DETAILS - The dark bear route is the favorite, BUT IT MUST FOLLOW THAT ROUTE CLOSELY TO REMAIN THE FAVORITE. Meaning if it...
HEADER - This is a detailed version of 1B, a supplement for PART 1.
SUMMARY - Price should follow blue path or weaker. If it follows orange path (especially if it hits that ellipse) then it should take the long route down starting in late February. In that scenario, I am not interested in another "reconciliation". I would shut this down for good.
HEADER - Odds say this is NOT an actual pivot by the FED, but simply an acknowledgment that they've done some real work on inflation expectations.
SUMMARY - This is the most likely move FOR TODAY ONLY. There are many reasons why. I will detail some below.
DETAILS - We last left off on "TO SUM IT UP DRAFT 4". Links to all four drafts and the previous...
HEADER - This is the "modified orange route" from DRAFT 4.
SUMMARY - Please read previous posts, links below, for background.
DETAILS - Continuing from last post, "RUMORS OF A PIVOT PART 2":
1) if you straddled options ahead of FOMC, you're doing fine
2) if you waited for it to break 1670 before entering, well it didn't
3) I stated that if it swings down, we...
Gold Miners have suffered, and this one has now capitulated in my opinion.
Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later.
(See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)