Beiträge von DrK

  • EWA nach Captain Ewave

    Short Term Update:


    Gold was sharply lower in yesterday’s day session and that trend lower has continued in the overnight session as we have reached a low of 1788.40!


    We continue our long correction in our wave -iv- bullish triangle as shown on our Daily Gold Chart.


    Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.
    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid.
    Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    In a surprising but very bullish development it now looks like all of wave .d. is complete at the 1879.50 high. You may recall that last week we had suggested that a possible projection for the end of wave .d was:


    ^c^ = ^a^ = 1882.10.


    It appears that wave .d. ended at 1879.50


    Why would we say that gold dropping $50 is a bullish development?


    The reason is that with wave .d. not ending much sooner than we had thought we are now falling in wave .e., which is the final leg is this long drawn out wave -iv- correction.


    After wave .e. and -iv- end we can expect a huge thrust higher in wave -v-, which will take gold to all time new highs.


    Wave .e. has already satisfied its minimum condition so we need to be on guard for the completion of this wave -iv- bullish triangle at any time now. Bulls should be using the setback to add or go long gold.


    Another plausible possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is complete and that the next rally in gold will be a substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!


    Grüße



    PS Ich bin nicht abgeneigt, demnächst Jamie Dinamo zu folgen.
    Die Entscheidung hierzu steht Kurzfristig an.



  • Hochschild Mining / HOC (LSE)

    Erinnere mich an Crystallex und Hugo Chavez.
    KRY.TO war seinerzeit einer meiner ersten 10-Bagger bis Chavez kam.
    Habe damals sofort liquidiert.
    Kurze Zeit später kam Crystallex ins Schleudern.


    Peru ist rot bis auf die Knochen ...


    Grüße

  • EWA nach Captain Ewave

    Hallo @Jamie Dinamo :


    Mit dem heutigen Tag betrachte ich unsere Wette als abgeschlossen an.
    Das Gold hat heute knapp 1830 erreicht und lag damit kurzzeitig über der rot gestrichelten Dreieckslinie vom 13.08.21.


    Meinung / Gegenmeinung ?


    Grüße

  • Woernies Grabbelkiste.

    @woernie : "Also meine Vermutung : auf dem Bild ist sein Schwiegersohn und sein Enkel zu sehen."


    Enkel Max und Sohn.
    Bitte keine Fragen, wer wer ist.


    Bei dem Avatar von Joe Da Silva habe ich auch geschmunzelt.
    Besonders die feurigen Augen haben es mir angetan ...


    Nun ist´s gut.
    Muss gleich hinüber und Jamie Dinamo mitteilen, dass er seine Wette vom 13.08.21 ziemlich verloren hat.


    Schönen Abend in die westliche Algarve.


    Grüße

  • EWA nach Captain Ewave

    Update vom 8.11.2021 :


    Gold


    Short Term Update:


    Gold was higher in Friday’s day session and that trend higher has continued in the overnight session as we have reached a high of 1826.10!

    We continue our long correction in our wave -iv- bullish triangle as shown on our Daily Gold Chart. Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d. Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid. Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., we are now rallying in wave ^c^ which has a projection for its completion of:


    ^c^ = ^a^ = 1882.80.


    We are now rallying in wave $iii$ of ^c^ which has a projected endpoint of:


    $iii$ = 1.618$i$ = 1911.20.


    We expect higher prices as wave $iii$ develops.


    Longer term, after wave .d. ends we expect one more drop in wave .e. to complete all of our wave -iv- bullish triangle.


    We appear to have finally decisively broke and closed above our purple downtrend line and are now heading to major resistance at the our dotted red down trendline line as shown on our Daily Gold Chart.


    Another plausible possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is complete and that the next rally in gold will be a substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.

    Also note the completed head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!

    Grüße

  • Woernies Grabbelkiste.

    Sind leider schon wieder im Nebel zurück ...
    Barcelona wäre somit wieder nur halb so weit.


    Alles ist möglich.
    Wait and see.


    Schöne Zeit noch dort !


    Grüße


    PS Werde in den nächsten Tagen erstmal Jamie Dinamo trösten müssen...

  • EWA nach Captain Ewave

    Des Captains Morning Post vom 21.10.21 :


    Short Term Update:


    Gold was higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached ahigh of 1790.10.



    After that high was made we dropped off reaching a low of 1776.90, although we are now trading at the 1783.00 level!


    We continue our long correction in our wave -iv- bullish triangle as shown on our Daily Gold Chart. Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.


    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid.
    Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., it now looks like wave $a$ ended at 1836.90, and all of wave $b$ at the 1721.10 low. We are now rallying in wave $c$ which has a projection for its completion of:


    $c$ = $a$ = 1882.80.


    On the Intraday Chart gold appears to be working on a very large bullish triangle, which started at the 1745.90 low.


    Within the triangle we need five touch points which is this case at: 1745.90, 1801.80, 1760.40, 1790.10 and the last point which currently is 1776.90.


    As long as this last point does not fall below the 1760.40 low, then after this final drop occurs we expect gold will thrust sharply higher.



    The size of this triangle indicates that the projected spike higher could be between $50 to $60.

    A break above the upper trendline of this bullish triangle which connects 1810.80 and 1790.10 will likely start the thrust movement higher.


    After wave .d. ends we expect one more drop in wave .e. to complete all of our wave -iv- bullish triangle. We already tested resistance at our red downtrend line that connects 1919.20 and 1836.90. We expect it to be strong resistance, but expect we will break through this week, or at least soon!


    After that we should continue higher to our neckline resistance.


    Another plausible possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is complete and that the next rally in gold will be a substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.


    Also note the potential head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!



    Grüße



  • EWA nach Captain Ewave

    Der Captain am 1.10.2021 :


    Gold was sharply higher in yesterday’s day session reaching a high of 1765.00. In the overnight session we have moved sideways currently trading at the 1753.60 level!

    All of wave -iii- ended at the 2089.20 high and that we are now correcting in a wave -iv- bullish triangle as shown on our Daily Gold Chart. Within wave -iv- we completed all of wave .c. at the 1675.90 low and we are now rallying in wave .d.


    Wave .d. cannot rally above the wave .b. high of 1919.20 for this current triangle pattern to remain valid. Remember that legs of triangle formations are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.


    Within wave .d., it now looks like wave $a$ ended at 1836.90, and wave $b$ has now exceeded our 61.8% level at the 1727.90 low. Our last retracement level for all of wave $b$ is:


    78.6% = 1710.40.


    We need to be on guard for the completion of wave $b$ and the start of anther rally in wave $c$ of .d. Another projection for the end of wave $c$ is:


    $c$ = $a$ = 1882.80.


    A break and close above our purple downtrend would heavily support our idea that all of wave $b$ is complete at the 1721.10 low and that we are now rallying higher in at least wave $c$ of .d.


    Another outside possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10. This would mean that all of wave -iv- is completed and that the next rally in gold will be substantial thrust higher in wave -v-. This would create a very non-symmetric triangle, although triangles do not have to look pretty. This will be our alternate count for now.

    Also note the potential head and shoulder bottom on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.




    Active Positions: We are long, with puts as stops!


    Grüße