RIGHT NOW #140, 2850 BY 10/10 IS OBVIOUS
In chart above, the most important line to 2850 by 10/08 thesis is the blue trend line. In #139, price broke the orange trend line (not in chart above because it does not matter anymore). This development means that we are now on red line until 2700. It also means that there should be limited 2-way vol until at least 2685. This means that even though 2650 is the top of this channel, I don't have reason to expect a "big" retrace more than 30 points in this area (if that). So the worst I see at 2650, is 2620, before 2685 and eventually 2700.
I expect 2700 to hit this Tuesday. I also expect a retrace to 2650-ish or to channel line. This check down will create "the purple trend line" which will be the trend line to 2750. After purple trend line breaks, blue trend line is the line for 2850. Finally, the break of blue trend line means top is in for this rally and price should correct until support at gray trend line.
I expect 2700 to hit this Tuesday. I also expect a retrace to 2650-ish or to channel line. This check down will create "the purple trend line" which will be the trend line to 2750. After purple trend line breaks, blue trend line is the line for 2850. Finally, the break of blue trend line means top is in for this rally and price should correct until support at gray trend line.
Not
9/22, I don't have any incentive to keep making posts and updates.
1) in fact I have at least 3 very good reasons to stop doing this
2) so this is all I am doing until I have reason to change my mind
Not
3) and for those not aware...
4) in managing subscriptions for our group, I had to send out messages
5) for people that were not subscribers explaining why they will be removed
6) for whatever reasons, I was reported several times to spam bot
7) so as as precaution, I killed all the renewals while I worked with spam bot
8) and during this time, I was reported again
9) so it's another fight to restart something not worth restarting
Not
Not
1) be aware that the target is 2850
2) but when we get there (10/05 or 10/20) doesn't really matter
3) .. over the long run
4) so while chart above's red route is base case
5) the binary for red route and continuation of RIGHT NOW#138
6) which you can replay here:
7) is this:
Not
8) and this is how it ends:
9) that's a wrap for everything
10) thanks for reading and have a good one
Not
Not
9/23, 1:06 AM, this route is similar to to yellow route in chart above BUT...
1) it's not slow enough to avoid a retrace
2) the charts above has 2650 hitting after NY open
3) the route its moving on now, can hit 90 min before NY open
4) and yes that matter, just not to same degree as before
5) so what was originally a 50 pt retrace, then became 35, now looks more like a 25 pt retrace
Not
1:21 AM LAST COMMENT ON BEARS' LAST CHANCE AT 2585, REPLAY THIS ONE:
1) in post above, read the notes on that chart
2) the notes going explained the bear setup at the black arrow
3) and RIGHT NOW #136 & 137 gave bears their last chance
4) it's over, and was already over before that
5) I just didn't imagine the 2551 checkdown coming AFTER the setup
6) that's a wrap for all of this
7) for those that want to be long, long term
8) buy silver and hold it for 9 months
9) why?
10) because in 9 months from now
a) gold can be up 50%
b) Bitcoin can be up 100%
c) but silver can be up 200%
Not
d) buy now
e) sell last week of May 2025
Not
f) I would rather buy PAAS
g) which would be up 300-400%
Not
9:14 AM, 9/23, HERE'S LAST ONE IF PRICE MOVES ANY SLOWER:
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