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THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


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#2151 crossd

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Posted 16 September 2021 - 06:25 AM

thinking we see 1750 area then up

would look nice on the daily...possible H&S setup with left shoulder in June at 1750 and Head at 1675..now a right shoulder at 1750..seems perfect

 

but is below both 50 ma and 200 ma..and this takes time to resolve so may not happen soon..

 

donc



#2152 K Wave

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Posted 16 September 2021 - 07:52 AM

thinking we see 1750 area then up

1550 far more likely now...

 

this is a brutal multi-time frame failure here...

 

Until bulls reclaim 1793, there is extreme danger now...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2153 K Wave

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Posted 16 September 2021 - 07:55 AM

Looking for FAST move through the air gap now after the massive failure at the 200...

 

go.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2154 K Wave

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Posted 16 September 2021 - 08:14 AM

GOLD EURO looking like massive 200 day failure....as momo turns down under Zero line after the failed launch attempt....

 

Chances of this turning into a waterfall now very high if it goes much lower at all...

 

Bulls need a stunning reversal PDQ, or it's gonna get ugly....

 

xe.png


Edited by K Wave, 16 September 2021 - 08:15 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2155 K Wave

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Posted 16 September 2021 - 08:38 AM

As we learned on Silver earlier this year...Islands in Sky the are usually NO BUENO.

 

This one  on GLD appears to be no different thus far....

 

If and when GLD climbs back above 169, then longs could be safe...not sure that is going to happen any time soon.....

 

gld.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2156 senorBS

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Posted 16 September 2021 - 09:09 AM

Shoulda stayed camping a little later! Took long position to 35% this morning on this crash, may add more, we'll see, as always DYODD

 

BTW beautiful gap gills in GDXJ and SILJ left from 8/23, key Q is will AUG lows be taken out or were thos gap fills the end of a wave 2 abc decline? SLV made easy new low, not SILJ so far, huge day

 

Senor


Edited by senorBS, 16 September 2021 - 09:12 AM.


#2157 gannman

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Posted 16 September 2021 - 09:35 AM

this sure feels like a wave v . silj j is a nice chart to follow for clarity and a proxy for the whole sector

 

and i get the feeling we are heading for an equinox turn fwiw


Edited by gannman, 16 September 2021 - 09:37 AM.

feeling mellow with the yellow metal


#2158 K Wave

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Posted 16 September 2021 - 10:08 AM

1750 buyers giving it a go here....let's see how far they get.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2159 dougie

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Posted 16 September 2021 - 11:52 AM

thinking we see 1750 area then up

BINGO



#2160 linrom1

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Posted 16 September 2021 - 12:04 PM

Major correction a day before OpEX with dollar taking off? Why would the FED want to manipulate markets here?