GOLD – GDX – GDXJ EW
Looking at the monthly Bollinger Bands we can see that a massive move is coming. Based on prior two yearly cycle lows, I strongly believe we’re breaking to the upside imho.
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POSTING INFORMATION
Thanks Gabe for the update.
Which scenario are you favoring at the moment if you dont mind me asking?
Just add another chart :).
Excellent. I agree on a longerterm time frame 100%. Shorter and more immediate term, you think the 2 is done? Wave 3 has begun?
Possible… but need confirmation. Let’ s see the close this week.
For some reason NFP on friday is holding me back here…I have a feeling we get a final flush before move higher truly begins.
Added: The triangle you have for 2, looks like a FBO downside and now upside as we speak…
Agreed. Can be a failed minuette wave C. Still possible to have a double zig-zag.
That’s why I’m waiting for the close Friday. 1333 needs to hold or we’ll have to adjust.
Thanks Gabe. Thanks for the line in the sand. Keep us updated please!
“I strongly believe we’re breaking to the upside imho.”
My own non EW work supports a burst to the upside.
But not a 3rd wave. More like a C, and possibly a ragged one.
I’m actually not that far from buy signals on all the inverse ETFs, once this upside burst completes (3 weeks??). So be nimble.
Instead of just talking, can you post a chart of your own ?
Not possible, as my charts are all in four dimensions with bi directional feedback paths to create and display the various signals.
It would just beg all sorts of questions … what does this mean and that?
Its not remotely like the two dimensional charts everyone uses. Ask Fully .. he’s seen (a part of) one and was even more confounded than by EW charting. LOL.
Yep….Pedro is from another Dimension
🙂
Thank you Gabe.