But reality doesn't work that way. Odds change when facts change. And right now here are the facts:
1) this continues directly from "6200 BY HALLOWEEN"
2) which I stayed was not going to happen AHEAD OF THE WEEKEND
3) which Trump bombed Iran and everything...
4) so here we are, I wrote of 3 routes in play
5) in chart above here's how it's going to go
6) the most important line right now is the bold black line
7) pointing at 2165 in December
8) FOR ANY OTHER ROUTE TO WORK, THIS LINE MUST BREAK
9) why? because the top now has perfect setup to move for 1-2-3 levels
10) if price breaks dashed line AT #2, that's a seriously problem
11) because 3-4-5 would become favored once 2 gets hit
12) past 8/11 where the those two lines crossed
13) w/ the giant arrow pointing at it
14) this means 6-7-8-9 which would BREAK THE 45 YEAR LINE
15) and hit the 14-year line at 2165 and simultaneously
16) hitting the the red down trend line from 2790
17) obviously... for gray route (previously black) to work,
18) gray bold line matters (but it can still break and get re-made)
19) blue route needs blue line to hold
20) in all scenarios, this October promises to be a big one
21) IN THIS SCENARIO, SILVER NEEDS TO HOLD 26-26.50 AREA
22) that is a wrap
1) this continues directly from "6200 BY HALLOWEEN"
2) which I stayed was not going to happen AHEAD OF THE WEEKEND
3) which Trump bombed Iran and everything...
4) so here we are, I wrote of 3 routes in play
5) in chart above here's how it's going to go
6) the most important line right now is the bold black line
7) pointing at 2165 in December
8) FOR ANY OTHER ROUTE TO WORK, THIS LINE MUST BREAK
9) why? because the top now has perfect setup to move for 1-2-3 levels
10) if price breaks dashed line AT #2, that's a seriously problem
11) because 3-4-5 would become favored once 2 gets hit
12) past 8/11 where the those two lines crossed
13) w/ the giant arrow pointing at it
14) this means 6-7-8-9 which would BREAK THE 45 YEAR LINE
15) and hit the 14-year line at 2165 and simultaneously
16) hitting the the red down trend line from 2790
17) obviously... for gray route (previously black) to work,
18) gray bold line matters (but it can still break and get re-made)
19) blue route needs blue line to hold
20) in all scenarios, this October promises to be a big one
21) IN THIS SCENARIO, SILVER NEEDS TO HOLD 26-26.50 AREA
22) that is a wrap
Note
7:20 PM, NO, it doesn't have to be October23) while it can be, I cannot prove it's favored
24) I would have to call the entire window from October to February
25) 2180 GIVE OR TAKE
Note
Note
9) in my opinion, in chart above10) this is the call of the year for 2025
11) this is the call of the year for 2026
12) because it is essentially a super-giant "V" formation
13) this justifies the following rally to hit 11500-12500 in the following 6 years
14) again, I don't care what silver thinks is going to happen
15) until it can lead, it can only react to go gold
Note
16) honestly, this took all my experience and education to "call this" this way17) I will add notes from time to time as we go down
Note
Note
6/28, 10:17 AM ET NY TIME, no, the floor MUST BE 2550 OR HIGHER1) this I know now
2) so same pattern, higher floor like this:
Note
Note
3) chart above goes through 20284) this much is knowable now
Note
Note
5) on 6/29, very close to a strong draft 6) it should be 2255-2333, somewhere in there
Note
7) 10:05 PM ET, I've solved all of it8) we go under previous 3120 low, maybe as low as 3050....
9) but it means nothing because bulls will break that bold line causing this:
Note
Note
10) this is basically the second outcome mentioned leading to this post11) if bulls raise the floor in August, then there's nothing left to talk about
12) except where this rally tops, which is 6200 or 7250 or a bit a higher
Note
13) so checklist is the following 14) first we stall Mon, probably Tuesday as well above 3300
15) then we move under previous 3120 low by mid July
16) then we break bold line and put in a third top
17) which we will know "is a third top" by September
18) this will zig zag to a November low at 2870
19) I have nothing to add to this unless this changes meaningfully
20) if not, see you in 4-5 months
Note
6/30, it's never going to stop shifting 21) there's no way to know except totally continuous updating
22) and I am not going to do that
23) the demand is not there
24) good bye
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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.