Loading ...Now THAT is a Contracting Triangle
For you non-EWavers – contracting triangles are always the next to last pattern. In this case it would be the second wave of a three wave movement. It’s a long way down – and no, it won’t go to zero. That is an artifact of the program. It will just seem that way.
Thanks KenS, I was thinking last week about your what your program was forecasting. Interestingly it still has same target as aprox less then a year ago! Thanks for the update. Please do so when no-and-then.
Inflate or Die.
Inflation or Deflation?
Might all be resolved based on how this plays out.
Your supersized tri from Dec 15, up. But I’m not keen on disproportionately large A.
Or, A up off Dec 15, and smaller tri is B, so next large move is higher to complete ABC off Dec 15. Not sure how Aug 16 to Dec 16 fits into that though. A down of first leg of mid sized tri?
Or, A up off Dec 15, now in B down. Within which, smaller abc where we are now in small triangle b. Aug to Dec 16 was a.
Had enough of triangles yet?
I’m in the last camp. But silver will soon be looking too bullish for that outcome.
Patience seems all that’s left. Better have some of that.