MQP INFINITE REGRESSION INTERMEDIATE #008-5 FOMO BREAK OUT PLAN
SUMMARY - This is in case #008-4 high bound fails to hold and 1885 gets hit prior to 11/16.
DETAILS? - If you are new to this, read #008-1 to #008-4, links are below. So same basic pattern as #008-3 and #008-4, but roughly 80-90 pts higher all the way to 01/03/22. This is back up plan for #008-4 in case we do break-out after CPI. In this scenario, chill out a little bit. You will get another shot at 11-23 to 12-02 entry. It will be at a higher price but obviously w/ even higher target. I am posting this because my short term regressions say so against standard-deviation averages and inconclusive volume waves. After all, my work is titled INFINITE REGRESSION for a reason.
DETAILS? - If you are new to this, read #008-1 to #008-4, links are below. So same basic pattern as #008-3 and #008-4, but roughly 80-90 pts higher all the way to 01/03/22. This is back up plan for #008-4 in case we do break-out after CPI. In this scenario, chill out a little bit. You will get another shot at 11-23 to 12-02 entry. It will be at a higher price but obviously w/ even higher target. I am posting this because my short term regressions say so against standard-deviation averages and inconclusive volume waves. After all, my work is titled INFINITE REGRESSION for a reason.
Note
WHY IS THIS PATH NOT THE FAVORITE? - IF I CONSIDER PRICE AND ONLY PRICE, it is for a 24-48 hour window requiring following through, meaning no negative price action. Any negative price action lasting more than 4 hours require immediate stick-save spike higher. This almost never actually happens even w/ favorable setup like it is now.Note
AND ALSO... no sideways price action after 36 hours, this is also ground for disqualifying.Note
TO SUM IT ALL UP: It should be obvious VERY VERY SOON.Note
8.49 AM ET WED 11/10CPI has gold at upper limit of said high bound in #008-4. So what now? Odds now favor a move to 1871 prior to PPI on 11/15 and 1888 by 11/16. Then retrace to 1810-ish by 12/02.
Note
8.52 AM same day... Please remember that at important price and time, change of trend require break(out/down) AND HOLD. This should go without saying but just to be clear.
Note
8.56 AM same day...Should price follow #008-5, then entry for DECEMBER EXPLOSION to 2100+ moves to 11-23 TO 12-02.
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Disclaimer
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.