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Near term patterns bullish?


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#11 SemiBizz

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Posted 13 September 2018 - 10:33 PM

Not over yet...

 

1190 support test on tap.


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#12 Russ

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Posted 13 September 2018 - 11:23 PM

Massive inverse Head and Shoulders?  


Edited by Russ, 13 September 2018 - 11:26 PM.

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#13 Russ

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Posted 14 September 2018 - 07:03 AM

Not over yet...

 

1190 support test on tap.

Maybe, but there is good support on the yellow breakout line, I am showing a likely high around sept. 25, although it is not totally confirmed but looks probable. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#14 Smithy

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Posted 14 September 2018 - 07:28 AM

Hey Senor, good to see you. SILJ supports the C wave hypothesis; I'm in that camp.



#15 Smithy

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Posted 14 September 2018 - 07:43 AM

21 month  cycle low in gold from 12/15/16 due in about a week +/- 10 days.  The low  "has" to be before the end of the month.



#16 SemiBizz

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Posted 14 September 2018 - 09:17 AM

Not over yet...

 

1190 support test on tap.

 

There's 1202s

 

So far only corrective levels of volume, but we just had a big spike in GLD at the low.


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#17 Smithy

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Posted 16 September 2018 - 10:21 AM

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#18 senorBS

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Posted 17 September 2018 - 09:12 AM

key action in UUP, if it takes out 25.04 basis the daily chart IMO the odds will favor a iii of 3 or C down basis daily chart, makes sense as gold may have ended a nice abc down Friday and looks headed above 1214 and probably  considerably higher, we see

 

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#19 senorBS

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Posted 17 September 2018 - 09:38 AM

GLD nice 5 up to todays high and not to a new high, should be wave i of 3 or C IMO. Lots of miners had 5 up complete from the lows at the early gap up highs IMO, already well into corrective pullbacks. All in all the best looking set up off a low we've had in a while. all IMO and as always DYODD

 

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so far we are following this scenario, have stops at Fridays lows

 

Senor



#20 Smithy

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Posted 17 September 2018 - 10:04 AM

Good analysis Senor. Resistance is spot 1210.