Generalmonkus

Generalmonkus

What I'm counting thus far re EW.

Generalmonkus

After a deflationary wave comes the hyperinflationary impulse up!

Generalmonkus

See link for video explanation.

Generalmonkus

Good short soon. I think we are in the b wave of larger C, which could take us down to around 40 or so.

Generalmonkus

In the weeks to come, it looks like FCX is setting up for a major bottom akin to the preciohs metals miners imo. The monthly stochastics is still down, so one for the watchlist. Price action looking good so far…

Generalmonkus

Positive divergence on RSI. Oversold on Stochastics. Capitulation and strong reversal. Could still be in a longer term bear, don't know. However, long for time being… could be a relatively big long too!

Generalmonkus

Possible wave 2 completion. Capitulation and reversal. Long.

Generalmonkus

What if we just had the elliott B wave from 09 to 18?? Are we now in the devastating sharp C wave?

Generalmonkus Updated 

Still a large down to come imho.

Generalmonkus Updated 

Look corrective imho.

Generalmonkus Updated 

Looks corrective imho. My previous idea still stands. As always, timing is difficult.

Generalmonkus Updated 

Look corrective, but don't know where the top is.

Generalmonkus

The large spike down shadow in the middle of this chart looks like a B wave of sorts, meaning the whole move since 2009 is corrective only, ie. Only a cyclical bull in a secular bear. Just sayin…

Generalmonkus

Attempting to put more pieces of the puzzle together, considering my ideas on the miners recently published, from what I have seen over the years, B / X waves or alike (as potentially marked on the chart with a black line) usually have a subsequent opposite move in price at the end of such a wave. Therefore, the move in gold from 2016 low would have ended with a...

Generalmonkus

Same as my recent ABX, GDX chart. PAAS appears to be playing along nicely with a sideways consolidation with classic text book decreasing volume, as well as other indicators looking encouraging, so would expect another pump higher regardless of wave count (either impulsive or corrective). HOWEVER, I have also seen breakdowns from these forming triangles, which I...

Generalmonkus Updated 

Appears to me that for years there was a sideways consolidation, which bottomed in 2016. Then a strong move up, therefor the following questions: 1. Is this a new bull market and we have had W1 and are now (ending?) W2 at the 76 fib retrace level? 2. If not, have we had a strong upward A, now in B, yet to come strong upward C to break A highs? 3. An X wave of some...

Generalmonkus

Explained on chart. Again, if this is a W4 correction now, its hard to tell when it could end.

Generalmonkus

Been long since 1.51 after looking at long term corrective price action at fxtop going back to 1953. I'm assuming worst case this is a bear market rally.