Pretty spectacular prediction huh? How am I calling all these movements? I found a repeating fractal in 
SILJ that correlates to market plunges. I lined up the previous price action and it's following it to a 'T'. I expect similar repeating fractals for other assets as well.
Whether the FED is hawkish or dovish, after the minutes are released the market will go up and then fall down precipitously. Could be because China devalues, or BOJ sells treasuries (which were hinted at on Zerohedge today). Price will rip AFTER the FED cuts like it did in 2020 for the pandemic.
The price is gonna go from $42 to $50 for a possible blow-off top, down to $30, further down to $20, before going to $80.
OTM calls and puts can be bought for $5 for 2 weeks out so in two weeks, start buying puts in August and October and some longer dated calls (December). That way, if IV (Implied Volatility) gets too high, you can always sell those and make money when it gets hectic and IV explodes, regardless of where price is at (sometimes). Of course I'd like to reup some more puts in late August/early September if IV lessens, for the final ride down. Not sure about IV at the bottom, which is why I suggest buying calls before the plunge just in case.
OF COURSE THIS ISN'T FINANCIAL ADVICE.
SILJ that correlates to market plunges. I lined up the previous price action and it's following it to a 'T'. I expect similar repeating fractals for other assets as well.Whether the FED is hawkish or dovish, after the minutes are released the market will go up and then fall down precipitously. Could be because China devalues, or BOJ sells treasuries (which were hinted at on Zerohedge today). Price will rip AFTER the FED cuts like it did in 2020 for the pandemic.
The price is gonna go from $42 to $50 for a possible blow-off top, down to $30, further down to $20, before going to $80.
OTM calls and puts can be bought for $5 for 2 weeks out so in two weeks, start buying puts in August and October and some longer dated calls (December). That way, if IV (Implied Volatility) gets too high, you can always sell those and make money when it gets hectic and IV explodes, regardless of where price is at (sometimes). Of course I'd like to reup some more puts in late August/early September if IV lessens, for the final ride down. Not sure about IV at the bottom, which is why I suggest buying calls before the plunge just in case.
OF COURSE THIS ISN'T FINANCIAL ADVICE.
Note
Note
I just found a Livermore Accumulation pattern leading up to the 2020 market blow-up for Newmont.Note
The pattern is repeating right before the July FED funds rate decision. The crazy thing is it's also coinciding with the same timing as the
SILJ fractal I found. This Livermore Accumulation pattern also shows 2 weeks of a blast-off, the FED will cause a knee-jerk reaction and this will plummet down to the last main accumulation level.Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.