18415 replies to this topic

[Smithy]

Senor, the retrace with this morning's low is 69.7%, close to the max fib number, unless we go up to 78.6%. 

Now til the end of the week gonna be interesting in G&S. 

[dharma]

northstar on silver

 https://x.com/Norths...6805029/photo/1

dharma

[linrom1]

What's the film title on Amazon? 

https://www.amazon.c..._sr9f90f0_1_1_1

[senorBS]

Senor, the retrace with this morning's low is 69.7%, close to the max fib number, unless we go up to 78.6%. 

Now til the end of the week gonna be interesting in G&S. 

I got very nice fills in my GDX/NEM buying this morning. I am wondering if this just might have been wave 5 of a large daily diagonal tri C wave in GDX and NEM to today's new decline lows - also significant daily technical divergences as well. Not easy counts but just a series of daily crappy "threes wave moves" to new lows. I'm smellin a bottom here but who knows. Like the look of the rallies off today's low, may look to add on a pullback. I also exited half my oil stock longs so having a muy bueno day.

 

Senor

[dougie]

bullish falling wedge or ?

the ugly view is H&S top

[senorBS]

bullish falling wedge or ?

the ugly view is H&S top

I like the falling wedge or last abc leg down of a diagonal tri wave 5 of C - counts best in HUI and XAU IMO. But if wrong we are now in a large 3, to me the diag tri count has the "right look" as have been declining in unimpulsive legs , we see

 

Senor

[senorBS]

Near term counts (30 min chart) in both gold/silver show a 3-step rally off recent lows, so if we rally soon to a new high its 5 up at least, if we decline a good bit it's likely we go to new lows for this particular decline and perhaps new lows bigger picture, important near term juncture

 

Senor

[senorBS]

Near term counts (30 min chart) in both gold/silver show a 3-step rally off recent lows, so if we rally soon to a new high its 5 up at least, if we decline a good bit it's likely we go to new lows for this particular decline and perhaps new lows bigger picture, important near term juncture

 

Senor

5 up at a minimum now, could be a more bullish 1/2 then i/ii and a 3 underway near term. If we get a decent pullback here I will load up on a near term trading position

 

Senor

[Smithy]

Silver 5 min chart nice 5 waves up 

I don't know enough about EW if the overall pattern could still be corrective. 

[K Wave]

get through here and maybe failure at 70