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A little symmetry here? If you zoom out from the current pattern there is some interesting alignments.
On the flip side I’ve Been tracking this fractal from 2006-7. But It was clearly a 4th wave so I have difficulty reconciling that…but I suppose bears would argue we are in a 4th wave now as well. Not predicting a 2008 style meltdown but just showing the similar structure in both T&P. But that would be an incredible base(incredibly painful too). I’m not an EW guy so I get in the deep end pool very quickly…maybe 2nd and 4th waves can have similar structure, but I always thought 4th waves were the crazy unpredictable style. Just riffin’
This is the fractal in weekly and a zoomed daily.
Good eye Schism, thanks for this.
Very Impressive Fractal there Schiz.
could be turn around Tuesday for the PMs this week
I doubt you remember but I posted about Feb 12th in November. I don’t post much Fibonacci timing stuff anymore but I really like the way price ran into the date of interest. The fibonacci fingerprints have been pointing to 2/12 for months now. That doesn’t guarantee anything as sometimes dates fail but Fridays hammer makes me feel much more confident in it…and the fact there’s been a good move into that date. Whether this is THE move or a bull slaughter setup I’m still not sure.
https://www.tradingview.com/x/JcvvlNWT/
This week is big for the gold miners. That lower rail is key. They have to start moving up here. Once the $hui breaks up through 220 it should be off to the races.