RIGHT NOW #049
After 2477, it should be 2430s before 2PM in NY Monday afternoon. But exactly what will it look like? Will add notes soon
Note
1:31 AM 2501.10, Gold Gain Support thinks gold will be down.
a) I agree to 2477, but 2530s would get hit after 7-8 hours from that low
b) there's only two scenarios for this setup
c) my call is orange route which is yellow with added zigzag
d) that means I think blue line does not break
f) until NY day session
g) if blue line breaks and 2500 holds to NY
h) then this a blow off top setup, where first targets would be 2445-2450
i) that in it self is not a "blow off" so higher targets would be considered
j) but I just don't see price breaking that bold blue line
k) and I see check-down, however the floor is rising slowly
l) previously I saw 77-79, now I see 78-81
Note
m) IN EITHER SCENARIO there should be a 54 pt move in an 8 hour window
n) this 8 hour window will fit inside 5 AM to 3 PM
Note
1:51 AM, it's really hard to do blue route....
1) ceiling is 2556
2) and it WOULD NOT GO PAST THAT
3 but all we have to do is WATCH THE BLUE LINE
4) it's orange or blue and orange is favored heavily
5) UNTIL BLUE LINE BREAKS AND 2500 HOLDS TO 7 AM
6) then that's obvious blow off setup
Note
7) I posted blue route mainly because I commit to
8) ALWAYS MAPPING 2 ROUTES BEFORE I SLEEP
9) so there it is
10) but if you replay #047 here, there's no reason to think that it will be blue:
Note
2:09 AM WARNING, BLUE LINE BROKE --- OK 2550 it is...
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