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bottoming process continues


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#431 jabat

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Posted 22 February 2019 - 11:16 AM

gold-knocking-on-key-breakout-level-feb-

 



#432 senorBS

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Posted 22 February 2019 - 12:05 PM

It has been a 6 months rise since the Aug 15th low of last year. Seems like we're due for an intermed peak before too long. A 30% pullback in time would be a 2 month correction.

FWIW I would be muy careful in already trying to suggest a top, we just recently broke out, mining merger mania appears to be underway, CRB looks to be in the early stages of a wave 3 daily, Copper broke out decisively this week, Plat looks very constructive and lastly the DXY looks ready to break sharply lower in at least a daily wave 3. Just an old hombres opinion

 

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#433 hhh

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Posted 22 February 2019 - 12:08 PM

I'm thinking GDXJ just finished wave b to 50% retrace of a, and we need a c down now.



#434 senorBS

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Posted 22 February 2019 - 12:14 PM

I'm thinking GDXJ just finished wave b to 50% retrace of a, and we need a c down now.

that count is there but I personally would not bet or plan on it, we see

 

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#435 hhh

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Posted 22 February 2019 - 12:15 PM

To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.



#436 senorBS

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Posted 22 February 2019 - 12:22 PM

To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.

I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down

 

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#437 dougie

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Posted 22 February 2019 - 12:46 PM

 

To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.

I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down

 

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your one wiley amigo



#438 dougie

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Posted 22 February 2019 - 12:51 PM

To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.

i think we are seeing a 5-3-5 zig zag unfold. my guess is we get two of them. time wise that looks best



#439 hhh

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Posted 22 February 2019 - 12:53 PM

I agree, which means c is likely to be at least as long as a, and maybe 1.62, either of which would put us into the 4 of lesser degree and around 33 support.


Edited by hhh, 22 February 2019 - 12:54 PM.


#440 senorBS

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Posted 22 February 2019 - 12:55 PM

 

 

To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.

I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down

 

Senor

 

your one wiley amigo

 

LOL sometimes. often I would try to trade some of the wiggles, just too many bullish things I see as I posted, hopefully my eyes ain't deceiving me!swoon.gif

 

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