Goldtent TA Paradise

Possible good news for Bob/Silver (for EW believers only)

1. Chartsmaster says:

   October 4, 2021 - 2:48 pm at 2:48 pm

   Not withstanding the waves. The chart you included shows the down trend line I have been referring to. Tops at 2 and 4. My point last week was that when that breaks the run up should be as fast and steep as the decline, if not faster and steeper. When you connect points 4 and 5, the more recent down trend line shows that silver has nowhere to go but higher. That is why last week I posted about wanting to be “all in on silver” as of October 1st.

2. pedro_deleon says:

   October 4, 2021 - 4:33 pm at 4:33 pm

   The wave count is valid.
   That doesn’t make it right.
   It makes it one possibility.
   My charting system is designed to enable me to discriminate between more correct and less correct counts. At least, to weigh their odds.
   I give this count very little chance.
   However, that doesn’t mean I ignore it, because a w3 up would be (conditional tense) the big money maker, so I’ll still watch for a potential validation move.
   I’m still in the camp, across the PMs, that expects a fakeout rally into crash wave down. The crash wave could come as a result of a failed/surprise political outcome. One that fails to reignite the Debt Cauldron.