How high can #gold run during this next intermediate cycle?
my current target stands at $2440 by May
targets are not exit points: the combination of a lot of signals/ratio's are. we adapt along the way
(1)
my current target stands at $2440 by May
targets are not exit points: the combination of a lot of signals/ratio's are. we adapt along the way
(1)
https://twitter.com/TheLastDegree/status/1344758813082181633
an 38% is fairly high for a 6month cycle
averages are 20.6% to 48.6%
the average is 30% = equal to $2300
(2)
averages are 20.6% to 48.6%
the average is 30% = equal to $2300
(2)
however look at the very LT chart posted yesterday
we just had a breakout above a new high, after a multiyear bear market and advance phase
the last 5months, we backtested the breakout from this base (the red dot)
(3)
we just had a breakout above a new high, after a multiyear bear market and advance phase
the last 5months, we backtested the breakout from this base (the red dot)
(3)
now it becomes interesting. Let's zoom in to the 2005-2009 frame with 2 rising phases before the 8y cycle low.
after the long (red) consolidation, we got a furious wave 5 of 3, leading to a 75% (!) advance
a similar advance would put #gold at 3080 this year
(4)
after the long (red) consolidation, we got a furious wave 5 of 3, leading to a 75% (!) advance
a similar advance would put #gold at 3080 this year
(4)
the sequel is as interesting.
as I expect the long consolidation, here showed with 2 intermediate cycles, to occur second half of 2021
for then the 2nd phase = the final wave 5 towards the 8y cycle top to occur in 2023
during this blue phase i intend to sleep
(5-end)
as I expect the long consolidation, here showed with 2 intermediate cycles, to occur second half of 2021
for then the 2nd phase = the final wave 5 towards the 8y cycle top to occur in 2023
during this blue phase i intend to sleep
(5-end)
(bonus series part 1) the blue consolidation is for the freaks very interesting to analyze upfront
let's look deeper.
the parabola retraced 0.5 into a cycle low (the blue dot)
so floor level for miners was WAY higher also after the bust
let's look deeper.
the parabola retraced 0.5 into a cycle low (the blue dot)
so floor level for miners was WAY higher also after the bust
the next cycle(s) respected the parabola high
the next multiweek retrace to the normal bull 0.382, was the signal for the next phase
these fib levels give you good clues where to cover/enter/hedge
(bonus series 2-end)
the next multiweek retrace to the normal bull 0.382, was the signal for the next phase
these fib levels give you good clues where to cover/enter/hedge
(bonus series 2-end)
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