3070 BY HALLOWEEN DRAFT 10-10, ROUTE TO 2735+
So in moving from bearish setup to a bullish setup, all the trends are turning slowly. This will create a "long sideways to up move" that will last through all of Thursday. So the vertical price action past 2670 will not begin seriously UNTIL ALMOST LONDON OPEN ON FRIDAY, this will run all of Friday and likely through Sunday night in a much bigger sideways to up pattern until 2756.
The channel ceiling is 2756. This was my original target prior to the 110-120 point check down. This route however, does have that big check down after 2756 but instead resolves with an EVEN LONGER AND BIGGER sideways to up zigzag. None of this part is in chart above because it's too early to get the pattern right.
Meanwhile, I just picked the most annoying route to 2675 as possible. This means that I started with a check down to 2648 as worst case scenario. Whether price does this or not does not matter and in fact price can take the blue route (which just an up shift of the price curve) should it chooses. This is unknowable and can only be tracked with continuous updates. That of course, I no longer provide.
The channel ceiling is 2756. This was my original target prior to the 110-120 point check down. This route however, does have that big check down after 2756 but instead resolves with an EVEN LONGER AND BIGGER sideways to up zigzag. None of this part is in chart above because it's too early to get the pattern right.
Meanwhile, I just picked the most annoying route to 2675 as possible. This means that I started with a check down to 2648 as worst case scenario. Whether price does this or not does not matter and in fact price can take the blue route (which just an up shift of the price curve) should it chooses. This is unknowable and can only be tracked with continuous updates. That of course, I no longer provide.
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1:42 AM ET, 10/03, 2653.XX, I am redrafting this to be sure.
a) there''s a specific wave turning very late
b) and it's not syncing with the picture so
c) I am redrafting to be sure
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1:54, it's not going to be obvious for another 16 hours
a) will update tomorrow
b) until then, this needs more work
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3:37 AM, WHAT I MEANT BY LATE WAVE IS THAT IT MAKES LOOK LIKE THIS:
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1) which by now it does more and more
2) I am really confused as to why this move is so late
3) so I've got nothing dependable until I have more clarity
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3:43, all I see is late move for 2638, maybe 33, maybe lower
a) but it doesn't mean that we are going back to 10-8 thesis
b) bc that setup is wrecked
c) and now we're about to wreck the bull setup
d) which means besides a move to 2630-ish ...
e) there's nothing more I can forecast because this route doesn't fit in either plan
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11:42 AM -- Note
1) in chart above, price need to hit red line and 2624 in 12 hours or less
2) to have a chance to complete this route
3) otherwise, we have to go nowhere for a while for trends to settle out
4) and something line up for break out
5) but right now, that's the only interesting move possible:
a) 2625
b) 2593
c) and 2572 all under 27 hours
d) closing Friday w/ as strong as a reversal up as possible
e) that's all I got
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1:02 PM, 2660.XX and that KILLS ALL OF MY ROUTES, BULL OR BEAR:
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1:25 PM, LITERALLY THE ONLY BULLISH ROUTE THAT MAKES SENSE IS CHART AT TOP
1) replay it
2) if this is true, then pattern does not matter as much as trend
3) and I mean medium-long trend
4) bc it obviously wouldn't give a fuck about short term trend
5) those trend maps are THE UGLIEST BULLISH SETUP I HAVE EVER SEEN PERIOD FULL STOP
6) so for this to make sense, blue route (in chart at top) would be favored vs yellow route
7) this to correct for the whole ugliness of all the short term trend
8) that's the only thing I can think of
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9) so we will see where price lands end of day to add more to this
10) because I am fucking stumped
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11) and no, it can't be a sideways situation
12) it's either bull all the way or bear into bull
13) and with the drop to 56, it's not final, we will see
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2:15 PM ET, 2658.43, IT'S FINAL. WE DOING CHART AT TOP.
1) we going sky high
2) 2950 by 10/17 (with 2 weeks left for October)
3) and we about to do this on the UGLIEST FUCKING SETUP I have ever witnessed
4) on the back of a 60 point retrace
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5) play chart at top, and see how it went way off (lower) vs yellow highlights?
6) that move puts price way out of bound for the rally
7) so now it should be blue in order to correct for the weakness
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HERE'S DRAFT 10-11, ABOUT DAMN TIME!
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