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Here is a comparison of the bull run that broke the 1980 previous ATH.
Notice any similarities.
We could see a major push down in gold before we see another major continuation of this possible bull run.
Here is some fun Chart Art
While everyone has their eyes glued to that CME Gap and believing it will hold for support..
Smart Money understands Market Maker Mentality and can see a few square ups.
Do you know what a square up is? But do you REALLLLYYY know..?
This is what I think will happen with zoom over the next few weeks.
We will continue to bounce from here and potentially hit my identified reversal zone.
Look at my blue and yellow fibs there for confluence.
My purple fibs are my elliott wave projection fibs which are currently estimating A=C. wave C could easily head to the purple 1.618, at which point we...
This is a possible scenario.
I enjoy seeing patterns play out over time. I think that the top might be in and we can compare our current position to the same spot in 2018.
I used the bars pattern tool to copy the exact price action from the first wave down after the 2017 top, then pasted it to our current position.
I find it interesting that it even lines up...