If the miners can finally break out of a long-term corrective triangle, then there is potential for an 80%+ move over the next few years.
I'm looking for a wave 4 pullback over the summer to around $55,000. Then it should continue higher to complete wave 5, targeting $85,000 or the even higher $100,000 price level.
As long as the price doesn't go lower than the £420–£415 level, then the ending diagnal pattern looks on. However, if the price breaks below that level, then another pattern could be playing out.
If the market continues to rise without a large pullback starting soon, then this ending diagonal pattern would be an option. The small caps don't really support this pattern yet.
looks like it’s either completed an Ending Diagonal in a 5th wave or it needs one more move down for its completion. Either way, with the massive negative divergence shown in the RSI, it looks ready for a big move up.
Gold is about to enter its most important phase for a very long time. If it is in an impulse wave, then it will clear the $2200 to $2300 area and, longer term, target at least the $2800 level. If it fails the pink important zone, then it has been in an Ending Diagonal pattern and may correct very quickly to the beginning of it, around the $1600 level.
It looks like two alternative patterns are playing out: A final expanding ending diagonal in a 5th wave, and when diagonals do end, they target the beginning of the move very quickly. Or a B wave in a flat structure, which needs a C wave, and again, this will target the $3500 price. Both mean we will soon have an explosive ending and it will target the October...
I'm looking for a wave 4 pullback that will last several months. Then a final wave 5 taking the price to over $900. Under $600, then it would probably mean wave 5 has already completed.
I'm looking for a shorter term pullback, at least a 30% drop, in wave 1 of a final 5. Then the final wave moves should follow, over several years, to conclude at between the $300 & $560 price levels.
It looks like its in the heart of a 3rd wave in a bigger degree final 5th. It should be targeting the 85K level at the very least. The 100K seems more likely
It starting to look like 5 waves up from bottom , over 12 months ago.
It looks like 5 waves are now completing from the Jan 2023 truncated C wave low. Divergence in the RSI makes a long term top more likely as well.
It looks like we are left with two options in a bullish path. An impulse (In red) targeting the $2800 price. Or an Ending Diagonal (In black) targeting the $2300 price.
Possible Triangle in a B Wave correction. Then, maybe, setting up for a final C wave move up to $500 or more. Which would be followed by either, a final very quick 5 wave move back to 2015 low, or a more slower correction in a Y Wave back to similar levels.
If the Nasdaq fails around the pink region then it's very possible that primary Wave 3 completed in late 2021. It would need a (c) wave down to compete an A wave in a possible Flat structure. A move up after it completes, could even reach higher highs than 2021 before it gets a devastating C wave down A move under $8500 would be a great buy.
It's possible that it's approaching a significant top, around $1200 level, in an E Wave. This would be inside a B Wave triangle. It could take it down to around the $400 level.
A possible ending diagonal forming, which if correct, would mean a very fast move down towards the beginning of the digonal and would signal a long term top. Also there's lots of divergence on the rsi. This would mean excellent news for Gold and Emerging markets investors.
It looks like a possible ending diagonal which is completing a final 5th wave. This would signal a multi year bull market in the pound.