This is last draft before 2500. This is because once at 2450, it's going to be 2500 soon after. I don't think this falls on 7/5, more like 7/8. But if it did, it would look like yellow route: 1) this drafts picks up immediately from previous notes 2) this is a really strong pattern for this week 3) that's it
Some one just turned on the 2-way vol in a big way. It's making the picture a bit cloudy. To sum it up: 1) still bullish AF! 2) but cautious we must be 3) IN GENERAL, there are 3 retraces coming 4) sizes are roughly 25/30, 50, and 60 5) the 60 rug pull seem very odd 6) but my read is right 7) what I read is based on my math 8) so if my math is wrong, you get...
There are varying methods to trading successfully. I am not here to debate WHAT YOU ARE GOOD AT. That's silly. But if you want to nail a big gold rally, we are about to catch fire here. If we nail this draft's route for FRI-SUN-MON-TUE, on WED 7/3, we going to catch lightning! This is 5B because DRAFT 5 committed to the rally pattern with courage and...
With total conviction in due diligence, I present you the first step in this rally, the move to 2540. Continuing from DRAFT 4, this move is cleaned up version of DRAFT 4, which is a late version of DRAFT 2. The details of "the call" are basically same as DRAFT 2, except for 7/15 high added to 2540. This is a difficult one addition, but apparently needed to...
So when a move like this happens. All the individual trend waves have to agree. The math says yellow route is not going to work, because of too much disagreement. Blue route IS THE ONLY ROUTE THAT WORK but that's not same as favored. IT IS NOT AT ALL FAVORED and should be considered a massive massive underdog.
This continues directly from notes in DRAFT 2. 1) there's nothing to do except wait 2) and even follow through to 7/3 will NOT... 3) make bull route the favorite 4) barring a surprise bull move to 2335 in next 60 hours 5) we won't know anything until morning of 7/2 6) we can't go in until we know
Either you kill gold bull market today, or everything on list above is going to happen. 1) this is not a debate 2) this is just a math problem 3) fundamentally, why would gold bull end? 4) I don't claim to know all the fundamentals 5) but from technical stand point 6) this is dead last route for gold bull market as a whole 7) not just "a rally on the way" 8)...
This draft deals with the move to 2450 first. 1) insofar, this draft is same as July previous one 2) but more contained in that we are dealing with the move to 2450 only 3) which should be finished by next Thursday 4) but to also state that the base case, should be 3000 in 128 days 5) or by 10/31/2024 6) that is a 29% move 7) so let that sink in 8) I'll be...
The break out tonight is wide open. But I gotta a feeling it's not going to happen. 1) all notes going into this I wrote in DRAFT 29 2) basically, bulls are late 3) and the only way to be on time is to move tonight 4) the setup is there 5) but price has to be up strong AT MIDNIGHT 6) miss this window, and you have to settle for 2450 7/5 7) and 2500 the...
Sometimes figuring out direction is easy. But figuring out shape is hard like you don't believe. 1) we are going up 2) no idea what it looks like 3) bc it's not going to check down 4) to reset the blue wave 5) which means some annoying route 6) long story short, we are going up 7) July 5th high cut to 2655 8) I can always bump it later if I have to
The easiest escape momentum route I have ever seen. 1) down to 9 days with including July 4th 2) and price have chosen to eliminate the most logical routes 3) AND HAVE ALSO CHOSEN TO MAKE IT EVEN MORE DIFFICULT 4) by killing all of Tuesday's clock with sideways price action 5) it is 10:40 PM ET, price action in last 90 minute have eliminated plan B 6 that leaves...
I can't walk away from a setup this good. It's stupid to walk away here. 1) all prior routes eliminated 2) we have a very rare break out setup (in the sense that it's strong AF) 3) with FOUR CONSECUTIVE LOW IN TEST 4) that is 2288, 2295, 2307, 2316 5) with everything ready to go EXCEPT 6) the FINAL MOVE FOR ESCAPE MOMENTUM 7) I don't know what it will look...
Monday 6/24 and price still toying with 2320s-2330s, is it going to happen? Do we have enough time left? Did we just was several months chasing ghosts? I think we are about to find out: 1) in chart above, yellow is basecase 2) speed wise, this is only somewhat slower than draft 26-C 3) for now... 4) should we get the move for 2370 tonight 5) NONE OF THAT...
This is the last draft. 1) because slower than this and the trends devolve into sideways for months 2) from previous draft 26-B, I've eliminated all those variations 3) this is the last variation of this rally in this precise window 4) which is a slower version of blue route (originally DRAFT 25) 5) watch the bold support line 6) going down there NOW? 7) would...
From here on out, I really do not consider these adjustments a "separate draft". We are talking details of the same move. With that said, here's where we stand now: 1) orange is base case 2) and I know that it's slow now vs both yellow and blue routes 3) but trend engine has strong expectations this will pick up 4) and if the curve shifts again, it's more...
THE CALL - 360 points in 9 trading days. INTRO - After nailing "2150 BY 03/08" breakout in March, I started talking about this move even before we got to 2200. The deadline for the 2640-2720 high is July 5th. As stated in DRAFT 25, the "super-coiling" of trends is about to break and send price to to 2660 by by next Friday 07/05/2024. July 4th is Independence...
On Friday, we first eliminated DRAFT 24 (which is map for DRAFT 23). After that we used DRAFT 21 and eliminated both 21 & 22. The signal for 2640-2720 has been flashing for a month, with only 10 trading days to go ( but 9 minus July 4th), price is still coiling in setup mode. This coiling should (with caveat that this can explode ANY TIME NOW) in the...
FOR CHART ABOVE: 1) with new high 2371+, yellow route has 2310 floor 2) no new high (now favored 60/40) has 2295 floor 3) & won't fight this line again until late Monday 4) rest of this chart is current base case 5) zoom out to see 7/3 2680 target 6) meaning base case is 2310-2680 in 8 trading days 7) counting only from Sunday not Friday 2295 low 8) this chart is...