MQP PRESENTS GOLD CRASH ENDING 6 FINAL DRAFT ROUTE 2
Updated
HEADER - It's still early, but this route (draft 6) is gaining (in terms of probability) on draft 5, which is just a more detailed version than draft 4.
SUMMARY - The major difference is the retrace at "A". The price action for the last 3 days or so is indicating a retrace to 1655-ish right at 10/06-10/07. September NFP reports on 10/07 morning. So? What this is implying is that 1560-1570 will hold on Monday 10/10 at point "B". As I stated in draft 4, this will only delay the the inevitable. That is 1450 by 10/24 or 10/25.
DETAILS - Here are drafts 5 and 4. Links to previous drafts are below. Good luck, as always be careful if price deviates from highlight. No more updates to this "Gold Crash Ending" series.
SUMMARY - The major difference is the retrace at "A". The price action for the last 3 days or so is indicating a retrace to 1655-ish right at 10/06-10/07. September NFP reports on 10/07 morning. So? What this is implying is that 1560-1570 will hold on Monday 10/10 at point "B". As I stated in draft 4, this will only delay the the inevitable. That is 1450 by 10/24 or 10/25.
DETAILS - Here are drafts 5 and 4. Links to previous drafts are below. Good luck, as always be careful if price deviates from highlight. No more updates to this "Gold Crash Ending" series.
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Notes -1. fwiw, I am really interested in how draft 5 and draft 6 performs
2. why does it matter?
3. from my linear regression wave methodology, there are no other routes to even entertain at this point in time
4. if price intends to go ANOTHER ROUTE\, it needs to be obvious from 9/7 to 10/7
5. decisive factor for this set up is price action on 10/07 after NFP
6. and that's all I've got
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Notes 2 -1. the ellipses are entry short
2. the rectangles for this draft (draft 6) are limits to each short term trades
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Notes 3 -1675 move right now is very strange....1. 2:40 AM 9/21, scanners picking up a surprise reversal
2. not ready yet
3. if price breaks 1680 and hold above it for 2 weeks...
4. then a a spike to 1860 by 10/24 is a dark horse
5. but that a type of a move requires some big surprise catalyst...
6. be warned and be careful
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Notes 4 - delays will cause more delays...1) 8:50 9/23, scanners picking up scale up a big delay of this crash's ending
2) price action from now to 10/10, take the highlight and shift it to the right 2-3 days
3) I am not sure if 1610 is really going to break at the end of October
4) I am more confident that 1570 will hold end of October
5) what next after that?
6) another leg up and then down, like this:
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typos!! 3) I am not sure if 1510 is really going to break at the end of October (it looks like the bottom should be close to 1510 (it' still shifting)
4) I am more confident that 1470 will hold end of October (if it even gets that far)
5) same
6) same
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Note
10.49 PM ET SUN 9.251) 1% BOUNCE OFF 1625 IS DEAD CAT BOUNCE
2) we need at least 1610-ish before legit intermediate bottom before 10.07 NFP
3) 1639 as I type
4) to sum it up, still going down
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1:28 AM ET TUES 09.27 COVER TACTICAL SHORTS W/IN 48-54 HOURS!! SEE HERE:Note
1) 3X base latyers showing strong short term support at box above in this window2) if you've been short with these drafts, take money off now
3) odds strongly favor a better short entry circa 1655 on 10/07 or 10/09
4) so that's NFP on FRI 10/07 or international spot open on SUN 10/09
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5) I'm not saying it can't go down more6) but odds do not favor short after 1610 gets hit inside 48 hours
7) I wouldn't even mind taking 1631 exit right now (at time of posting exit chart above)
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8) HARD EXIT IF 1610 GETS HIT IN 10 HOURS!! NO IFS!!Note
9/27 1:03 PM ET 1627.xx1) SITUATION HAS NOT CHANGED
2) please look at first of 3 boxes at chart at top, the first box is about to be done with
3) hard exit now within 12-14 hours (this is different from stated last night)
4) bc last night, it was HARD EXIT IF 1610 GETS HIT
5) now, it is 1610 SHOULD GET HIT IN 10 HOURS, NO MORE THAN 14 HOURS
6) AFTER WHICH WE WAIT FOR ENTRY OF SECOND BOX
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7) FWIW, silver still following forecast here, the shortest of 3 highlights:
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8) bigger picture, we are still on this draft (draft 6, you are reading it)9) price action has curved intermediately to make this route from Aug 6 (1C 2HOUR BAR) possible again, but still big underdog to draft 6:
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here is reconciliation for draft 6 (so draft 7)
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