Not really much to say here just going over some mining stocks to help confirm counts on underlying commods.
Looks like this has bottomed - We have yet again the reliable ML touch then space created on a lower low (indicating price is reversing) - I expect this to do quite well mid-long term.
This is purely educational and I'm sure there will be a lot of upset people as they feel attacked by this - and if this is true for yourself that's good because it might make you re-think/change your mind and learn better methods, Overall I've spent years and years reading/testing many different TA methods and in the end the only ones that I ever found to work...
Correction looks to have a tad more down if this count is correct but it's almost done imo, Overall it's a Bullish retrace before climbing higher.
These are often quite difficult to do but w/e we try - looks like we could be starting a correction here which will be a (Bullish retrace) and present a buying opportunity.
Many are sold on the fact the bottom is in here...However I think not (can I be wrong sure but probably unlikely), One of the main reasons is because the leg I have labelled A substructure of C terminated in 3wave structure which is not typical of a completed C wave (hence I do not believe the bottom is in - it's just half the move) and we're in the process of...
If this is correct we're in the process of a large bull trap which should see us get to around 4500~ levels - after that it's going to get ugly as our C wave starts taking shape which will send us to sub 3k levels gl. Chart is done in Log Scale.
I can see multiple scenarios here on silver - One being this is a huge bull trap and we're correcting down to $5-7 off our $30~ high (Possible B Wave Top) - Or the more likely one is that the bottom is in and we're going to keep climbing higher for some time (with obv Bullish corrections) - Bottom of our blue fork busts it's probably likely that this uptrend is...
Macro tailwinds on all 3 of these and at the bottom of the adoption curve - None of these make any profit yet so we're playing it risky here obv but this is how big gains are made - Fortune favours the Bold...SEND IT.
ML bust then failure to reach the Lower Parallel - Next Pivot low created a ''space'' from ML after passing it on lower momentum - Probably cementing the bottom is in.
Looks crazy now but w/e...Let's see if our corrective low can hold us and we can climb higher.
This might fail fast but w/e - structure looks like it could be shaping up for something like this to unfold...send it.
Expecting decent things in the future on this, Has a great team and macro tailwinds up the wazoo.
Clearly a Bull wave forecast here...Nobody expecting anything to make new highs for ages - never rule out the possibility of insane melt ups - My idea in the comments is where I called a potential bottom (see below).
Digital Twins will play a very big role in the future - As usual I'm early and ahead of the curve on this future hype cycle.
The users in chat are sometimes the best indicator for making contrarian decisions, At times when certainty and fear is at it's highest the crowd is usually terribly wrong and that presents a great opportunity for those able to detach themselves from the herd. (All Chat logs were taken at the exact day the market made it's major low (potential bottom) on October...
Think we might be in for a correction here...forks should show us the path.
Like many other charts they're looking like a big wave 1-2, If you know what happens next under wave theory you should be very excited as a bull for the potential of parabola.