There are many markets that are getting ready to run again. Another day or two and I will start posting them trades as I see them. Will start posting some longer term charts for basis.
Here is a patttern anyone can use in their analysis of markets. I call it the three of three. But what it really is a three of three if an impulsive wave and three and fifth wave if it is a -c- wave.
-c- waves retrace or never come back once the market turns here. If it is an 3-3- then a minor fourth kicks in before the market drops much lower. You can see these all over the charts.
I would think not much retrace. But the size of this pattern allows for significant retrace--even for a minor fourth wave. So I will exit and re-establish for the fifth wave.
If my analysis is right--the next down should be as much as this already.
Next entry will be that outer line---only if market moves basically side ways(below 119 area).
The top line was formed off the -1-2- at top. The second line is drawn underneath off the one or could have been an -a- wave. If it was an -a- wave the market the vast majority of the time stops there. It does not break thru. When it breaks thru it tells the analyst that it is an one wave.
One can see the market even jumped there at that line before breaking thru. I was not concerned because it needed to form the pattern I show on this chart first. This pattern could or can be quite small, but needs to appear.
That is why I am looking lower.
Next metal gold----
