Livermore Accumulation Pattern is playing out, low is tomorrow till Wednesday, high will be July expiration to possibly end of July. Please check out my previous threads on SILJ and QQQ to see a repeating fractal that the market has been on since COVID.
Right now buy calls for $35 for July for $1-$2 and you're return will be 50-75-156x returns!! NFA ;-)
Then there will be a plummet in silver, and it'll ride back up to tag $50 before EOY.
บันทึกช่วยจำ
About to fill dem gaps!
บันทึกช่วยจำ
I hope you bought those calls...
บันทึกช่วยจำ
There's accumulation by players going on, the MACD is about to spring, and RSI isn't flashing anything. This week we see some action!
บันทึกช่วยจำ
Bounce off the 100
บันทึกช่วยจำ
บันทึกช่วยจำ
It's rallying around the opening price precisely
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
Getting ready to spring past the trendline!
บันทึกช่วยจำ
Retest complete. Time to blast-off. Roger that. Commence rocket boosters!
บันทึกช่วยจำ
Inverse H&S building on the 15min to take this beyond the trendline
บันทึกช่วยจำ
Got until 3pm to fill out inverse H&S, otherwise this will just bounce off support from here..
บันทึกช่วยจำ
BOOM! Inverse H&S pattern fulfilled with strong reversal on the 50, just like the left shoulder.
บันทึกช่วยจำ
This could happen. I'm having fun are you having fun?
บันทึกช่วยจำ
บันทึกช่วยจำ
Pretty impressed it made it through today, I expect some retracement during the Asian open before launching during London...
บันทึกช่วยจำ
ALREADY!? This movement has "great feets of strength"
Wow that retraced quite a bit during the night - I altered the 100 to be a 200 cause I figured that's what the price action is responding to (bouncing off of). That means long term accumulation pattern when you're dipping back down to the 200:
บันทึกช่วยจำ
TTM Squeeze shows this is building for a HUGE MOVE!
Monthly has one engaged which means Price Action will go towards $75+ by next year, Weekly shows that already executed and continually to play out (upwards). Daily shows a TTM squeeze is waiting to execute. This means this week we will see some definite fireworks in some direction (upward bias).
YSK: TTM Squeeze is when Bollinger Bands constrict inside Keltner Channels. This means pricing and momentum has slowed and building to launch off in a direction. Usually when a TTM executes, it bounces off the opposite wall pricing intends to go, in a fake out to grab more stops.
บันทึกช่วยจำ
Daily TTM Squeeze
You can see the MACD rolling over to positive soon...
บันทึกช่วยจำ
4H TTM Squeeze Looks like it might bounce off $28.75 before launching, cause TTM's often bounce off the opposite wall before launching in a fakeout breakout
บันทึกช่วยจำ
Expect a plunge to happen with a retracement long wick..
บันทึกช่วยจำ
Scaling out the MACD looks promising
บันทึกช่วยจำ
I believe in fractals because nature is repeating, but so are algorithms.
บันทึกช่วยจำ
Taking it's time...
บันทึกช่วยจำ
See!
บันทึกช่วยจำ
How crazy would that be if that also replicated?? Same Price Level right now...
บันทึกช่วยจำ
Batting it down and playing with it, but you can see the large upper wicks did NOT induce a further capitulation, but rose still despite it..
บันทึกช่วยจำ
It took awhile ladies and gentlemen but we have a golden cross on the hourly!!
There we go! Now we're at the moment of decision. I believe we go higher, and higher odds say we retrace to the trendline and then blast-off.
บันทึกช่วยจำ
Nice all before the open! I'd like to see this retrace back to the trendline before have a few 5% days and a possible 8-10% day. I expect $35-$38-$48-$50 to be the levels. $35 is 100% gonna happen, $38 is gonna be 50% and $48-$50 will be 25% chance of happening.
บันทึกช่วยจำ
The "fish out of water" pattern I like to call it is a very powerful pattern that has upthrusts associated with it - which is when the MACD almost crosses over and wiggles upwards up through the mid-mark like a fish jumping out of the water. I anticipate the angle of the continuation will be much higher since the accumulation in this flag took FOREVER to finish.
บันทึกช่วยจำ
Getting closer...
บันทึกช่วยจำ
Might not get that total retracement, looks like it barely needed to bounce off the 20 (strong short term trend) just in time for the open. Get ready....
บันทึกช่วยจำ
Potential Golden Cross on the 2 Hour
บันทึกช่วยจำ
Potential 4 Hour Golden Cross
บันทึกช่วยจำ
Back to the 20, maybe the trendline (which is 50)
บันทึกช่วยจำ
Looks rough on the 4H:
บันทึกช่วยจำ
Dark Pool buying for gold...
บันทึกช่วยจำ
Backtest complete!
บันทึกช่วยจำ
Well this is it! See ya all on the flipside!
บันทึกช่วยจำ
Bull flag within a bull flag - gotta love the repeating fractals
บันทึกช่วยจำ
One more trip down to the bottom of the flag to accumulate, touch the 15 and then off we go? Maybe when the actual fireworks are going off...
บันทึกช่วยจำ
MACD signaling this will fall back to the trendline before the explosion. Question is do we get a pop up tomorrow or on Monday. Time is running out for us to hit the $38-$40 extension. Silver is going to have to make some fast moves or else we'll be left at $35-$36 level before the flash crash.
บันทึกช่วยจำ
I like the look of that candlestick!
บันทึกช่วยจำ
Backtest finally completed!?
บันทึกช่วยจำ
FIREWORKS!
บันทึกช่วยจำ
The ole triple bull flag...
บันทึกช่วยจำ
DAMN THAT WAS A HUGE CANDLE DOWN, BUT IT LOOKS LIKE IT'S RESISTING AND ABOUT TO EXPLODE!
บันทึกช่วยจำ
4 fractal bull flags stacked on top of each other, each getting shorter in length until...
บันทึกช่วยจำ
That long wick, this thing is gonna jet!
บันทึกช่วยจำ
5 bull flag fractals!!!
บันทึกช่วยจำ
I was hoping to see more liftoff, there might be a retest coming up for today before next week's fireworks. If you're a scalper, this looks like a good entry...
บันทึกช่วยจำ
This guy gonna do a double run on a Friday?
บันทึกช่วยจำ
Would've loved to have seen this hit the 32 mark before the weekend was over. Oh well...
บันทึกช่วยจำ
Some rough wicks there, I'd like to see a retracement on Monday morning during the Asian and London open and rocket again starting Monday NY open
บันทึกช่วยจำ
Feels like it wants to go back to the trendline again...
There's been too much accumulation that's happened to let this breakdown too much, let alone go past the trendline. Assuming that, the longer we stay down, the harder it will rocket, hopefully haven shaken out the weakends and run all their stops...
บันทึกช่วยจำ
Long wicks and long time price is at a level equals accumulation
บันทึกช่วยจำ
Trendline!
บันทึกช่วยจำ
Retraced and broken trendline, time to return to the yellow trendline and get this party going!
บันทึกช่วยจำ
Would like to see a long bottom wick on this candle...
บันทึกช่วยจำ
Would like to see a longer bottom wick on this candle before going up
บันทึกช่วยจำ
So much convergence of trend lines and moving averages. I would not be surprised if it got slammed to that area before launching - because then that would be ANNOYING!!!
บันทึกช่วยจำ
Retested, should blast off from here...
บันทึกช่วยจำ
Nope trendline it is
บันทึกช่วยจำ
Doesn't look good for the dollar, moved below the trendline with a falling MACD Cross-over. At least when the dollar pulled itself out of the trend last time the MACD cross-over was oversold, now this is the opposite. This will be good for stocks and commodities!
บันทึกช่วยจำ
MACD indicating big move is coming! It just retraced the breakout.
This has so much potential built up, the last time the weekly got exhausted was the run-up to COVID where silver went up 150% in 4 months! On the daily the last time the mountains shadowed the MACD cross-over silver went up 25% in 3 weeks.
บันทึกช่วยจำ
Oh double doji on the silver?
บันทึกช่วยจำ
That was good but not great, I expect a long wick on this candle, then a bounce up, retrace before blasting off like this morning but for PPI
บันทึกช่วยจำ
Man did we get some retracement!! Looks like a double bottom..
บันทึกช่วยจำ
Double Bottom holding so far with MACD crossing-over
บันทึกช่วยจำ
That's called running stops before the launch next week...
บันทึกช่วยจำ
Looks like an inverse H&S, but it's a low TF at the moment. Expect higher volatility for a litany of reasons - will be posting tomorrow