Jump to content



Photo

are we ready to rumble higher , or is a correction in the cards


  • Please log in to reply
1966 replies to this topic

#1711 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 31 October 2024 - 01:10 PM

Big fast scary test of the hourly so far on PL....IF that holds, bulls probably OK...if not, could be first real hint long term launch could be in trouble

 

Coffee had one real similar to this a while back and it survived it.

 

See what happens next few days here...

 


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

 

 


#1712 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 31 October 2024 - 01:12 PM

UVXY still very elevated...but will they fully panic without hearing from Big Kahuna first?


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

 

 


#1713 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 31 October 2024 - 01:22 PM

See what Copper does at back test of that 1.....

 

If it somehow does not turn and dive there...could be first clue of coming recovery...those daily dojis gotta give one way or another pretty soon

 


Edited by K Wave, 31 October 2024 - 01:23 PM.

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

 

 


#1714 CHAx

CHAx

    Member

  • Traders-Talk User
  • 1,622 posts

Posted 31 October 2024 - 02:56 PM

Maybe, but a very deep wave 4 is a bit suspicious?  B-wave really could be any size, but as long as wave 1 high untouched, still have to think its bullish.


Edited by CHAx, 31 October 2024 - 02:58 PM.


#1715 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 31 October 2024 - 03:05 PM

this is something else on Copper....see if it finally breaks tomorrow

 


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

 

 


#1716 linrom1

linrom1

    Member

  • Traders-Talk User
  • 4,380 posts

Posted 31 October 2024 - 07:19 PM

Maybe, but a very deep wave 4 is a bit suspicious?  B-wave really could be any size, but as long as wave 1 high untouched, still have to think its bullish.

I have the same count. It's same as GOLD, I saw Pretcher's yesterday interview and he thinks GOLD is also in WAVE 4. The volume today was modest on Dec contract.


Edited by linrom1, 31 October 2024 - 07:20 PM.


#1717 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 01 November 2024 - 05:40 AM

That Pop N Drop over 84 overnight on G/S likely VERY important now...

 

IF Silver bulls can continue to hold that turn, all is not lost....above that could be very problematic now

 

 

So far...just a big corrective ramp on G/S 12 hour...now Silver bulls need to take it back under the 72/200 and get things rolling back downhill again...soon

 

this appears to be a HUGE pivot zone here at 84...so Silver bulls had better win out if they want to keep the baby bull alive

 


Edited by K Wave, 01 November 2024 - 05:41 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

 

 


#1718 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 01 November 2024 - 05:46 AM

Copper STILL building the massive wedge.....this could be a crushing loss for bulls if they do not win this battle

 


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

 

 


#1719 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 01 November 2024 - 05:48 AM

Copper 30 min look....a foothold back above that 900 could be first hint bulls might win out

 

But bears could easily take this here.....we should have a lot better idea pretty soon 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

 

 


#1720 K Wave

K Wave

    Member

  • Traders-Talk User
  • 32,941 posts

Posted 01 November 2024 - 05:50 AM

and 4 hour also at a huge crossroads....this looks like a BIG decision incoming

 

Bulls MUST get it back above the 200 before it and the 72 kink down in unison

 


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