EW Breeze – gold
My work, for the miners as posted below, only tells me when (and after) there’s a trend change.
I go to EW to get forewarnings of those AND the magnitude of the next moves. Twitch or more?
Within our group, we have recently seen counts indicating five waves up completed. We were already on alert.
But without necessarily knowing the size of the new move (drop) to follow.
On that question, here is a post from Silicon Investor (Breeze … who normally labels his charts).
What we had spotted was the last rally sequence, but now we have 5 up completed AT TWO DEGREES HIGHER UP beyond that.
https://www.siliconinvestor.com/readmsg.aspx?msgid=35088738
Notice the plain 3 4 and 5. Those are high level degree points. Even bigger than we had spotted.
(3) signifies the end of that 12345 (1 and 2 off the chart)
THAT IMPLIES (4) underway, at VERY HIGH DEGREE. SIMILAR TIMELINE TO ALL OF (3) via fib ratios.
Not saying he’s right …. but as he can be a permabull, take heed.
EW’s guidance on wave 4s …. they tend to be a bitch. The most varied path of any numerical wave, similar to B waves. NASTY.
If its a triangle, the a of 4 marks the low.