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


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#411 dougie

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Posted Yesterday, 10:14 PM

this dip might be bullish



#412 K Wave

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Posted Today, 08:05 AM

Bitcoin looks just about ready to make big decision...all coiled up....

 

That spike down to backtest 58K this weekend must absolutely be held by the bulls now if they want to continue the breakout attempt.

 

Been seeing article after article about how Bitcoin is replacing Gold.

 

Yet another one on Zerohedge this AM.

 

All the ingredients for bubble top in place there...just question now of whether or not there is one last vertical move left in the tank or not.

Back below 58K now would likely suggest not....


Edited by K Wave, Today, 08:08 AM.


#413 linrom1

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Posted Today, 08:35 AM

DBA opens down again since mid Feb......that's a hell of a inflationary boom?



#414 K Wave

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Posted Today, 09:04 AM

Swift drop on Silver...24.80--85 critical area, so if bulls do not recover quickly here, could be first big warning....

 

4 hour chart still not bullish at this juncture yet.....need a move back 25.20 to achieve that.....

 

Careful out there until this gets a bit clearer.....



#415 K Wave

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Posted Today, 09:08 AM

NEM also lost 5 min pivot zone....back below 60 could lead to larger trouble....



#416 K Wave

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Posted Today, 09:42 AM

Starting to look like 15 min support on Silver may be giving way....

 

If so, then all time frames out to 4 hours back into bear mode...putting Silver back into the big air gap on the daily chart......

 

24.60 looks like last stand for bulls, before possibly much lower prices...

 

Multiple time pivots now lining up on 25.20, so that is where the all clear could be sounded, if Silver manages to not go over the edge here....


Edited by K Wave, Today, 09:43 AM.


#417 tradesurfer

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Posted Today, 10:01 AM

Major fumbling of the ball here in metals.... 



#418 K Wave

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Posted Today, 10:12 AM

Thus far, just a back test of the 162 breakout on GLD....

 

If GLD finds its footing here, bulls could be back in Biz.....



#419 gannman

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Posted Today, 10:52 AM

i have this as a correction of the first 5 waves up. so here is where it proves itself

 

it is either going to correct and go to new highs on a strong move up or we go to new lows

 

i choose option A on the menu we will see


feeling mellow with the yellow metal


#420 JGUITARSLIM

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Posted Today, 11:10 AM

Added to GDX here - 60% long