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


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#351 linrom1

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Posted 07 April 2021 - 12:40 PM

 

I see current move up as corrective?



#352 dougie

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Posted 07 April 2021 - 02:09 PM

 

And you may end up with a completely empty truck if you did not take a shot divergent double bottom 4 hour support....

 

But yes, should that support get broken, GLD 130-140 range would be next target zone.

 

well i wont end up with an empty truck. but timing exact bottoms is something i have never exceeled at



#353 CHAx

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Posted 07 April 2021 - 02:26 PM

Its starting to look like /BTC might have cracked.  I really would not be bullish on a test of 52,500.



#354 senorBS

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Posted 07 April 2021 - 02:34 PM

took a needed break, was 10% long coming into today, just moved 30% long in last 10 minutes FWIW, think we have 5 up hourly from last weeks lows in most stuff, will add if we go lower

 

Senor



#355 senorBS

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Posted 07 April 2021 - 03:34 PM

we did 5 waves up in these indices and are now correcting imo

This

 

Senor



#356 dharma

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Posted 07 April 2021 - 06:23 PM

gold looks solid  . nice double bottom @the lows . impulsing higher. off those lows 

what has me worried is the broad market . the vix this morning had a reading of 9 talk about complacency

the sp has a 90 dsi  nasdaq has a dsi of 85  AND  the nikkei has a dsi of 90 imo this is a time to be on your toes

we may be presented w/some unforeseen bargains.  this happens over and over and over again

these are precarious waters

just my 2c

dharma



#357 linrom1

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Posted 07 April 2021 - 08:27 PM

 

 

And you may end up with a completely empty truck if you did not take a shot divergent double bottom 4 hour support....

 

But yes, should that support get broken, GLD 130-140 range would be next target zone.

 

well i wont end up with an empty truck. but timing exact bottoms is something i have never exceeled at

 

The way people talk about gold going to 2400+, it'll be hard to miss this move. Silver will retrace no matter what, so buying on a pull should be no problem anyway.


Edited by linrom1, 07 April 2021 - 08:30 PM.


#358 dougie

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Posted 07 April 2021 - 09:14 PM

curious your take on this:

https://www.reddit.c...erything_short/



#359 dougie

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Posted 08 April 2021 - 12:53 AM

if we are going to fail, it will be soon. otherwise the bottom is in



#360 Russ

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Posted 08 April 2021 - 01:10 AM

 

I see current move up as corrective?

Is there historic examples of a double bottom leading to a 4 wave?

 


Edited by Russ, 08 April 2021 - 01:12 AM.

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