Yesterday, trend engine could not explain the drop under 2551 w/o instant reversal. This reversal though impressiv, is not instant and is open to rug pull, but why? Bears broke that bold line twice. With no new high, they will try one more time. I think it holds simply because of trend lines. This is where the dotted line passes over the bold line. This time, we use trend line to drive trend waves. We will know in 24 hours if this works.
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4:28 PM Notes: the difference?
a) so instead of using arcs and waves (which are basically the same
b) we use sharp angles and trend line to ...
c) "force waves to conform", which is what happened yesterday
d) if this is true, then we should move to 2557 and back to 2600
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e) BTW, this means it will take the entire next 40 days to get to 2747
f) but what we end up with is a 3650-3800 June 2024 high
g) and the next 15 months look like this:
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snapshot
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here is replacement:
RIGHT NOW #136, LET'S GO 2747, ROUTE B, VOLUME ADJUSTED
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