plmyers2

plmyers2

Simple play. There is a 4 hour gartley with an optimum price of 1902-1909 and change. That would setup for a double bottom structure on the daily TF, bullish divergence on MACD and RSI to boot. The next stop after that is a seasonal play (fall is notoriously bullish for gold), up to the 88.6% retrace from the last ATH to low to complete a hand-drawn bearish bat...

plmyers2

Massive falling wedge broken, with now an ascending triangle pattern before breakout. Also a really nice bullish harmonic. Price target 1 is the ascending triangle measured move, price targets 2 and 3 are based off of the harmonic pattern, 3 is the measured move of the big falling wedge, 4 is swinging for the fences at an 88.6 percent retrace from the last...

plmyers2

Bearish shark stalling the price out at the pattern completion zone. A dump to 28k levels would set up for a bullish 5-0 pattern continuation to much higher prices. Harmonic targets on the weekly pattern have a minimum objective of 38k in time.

plmyers2

Momentum shifting structure clearly defined on the weekly chart, also a nice harmonic to gauge take profits at. First target $200 and change. Happy independence day.

plmyers2

Weekly pattern presented. It held a KEY inflection point from April of 2020 with buyers volumetric confirmation. Notable bullish divergence on MACD and RSI oscillators. Huge upside potential, or bankruptcy. Targeting upside to 9.30

plmyers2

Harmonic has hit target 1 on a type 1 reaction, completed a type 2 return, gearing up for a longer-term reversal here to T2 on a type 2 reversal for this summer to the upper fibs noted by green target area. Stop below the nominal local lows.

plmyers2

Volumetric accumulation on UNG, strong bullish bias on energy sector and notable accumulation on natural gas occurring on similar timeframes. Bullish divergence on multiple oscillators. Price has migrated and stabilized past the long term down-trend. This could be a sleeper for awhile, but primary harmonic profit target is around 17 bucks; the mid-point of the...

plmyers2

Someone else has probably published this idea. Wonderful momentum shifting inverse head and shoulders on the weekly, MONSTER weekly bullish bat harmonic price target beyond the measured move of this inverse head and shoulders at a close above 119. Hidden bullish divergence noted on RSI and MACD on this local retest low of the right shoulder. Bullish harmonic...

plmyers2 Updated 

Supplemental to my previous post. Harmonic analysis is confluent with a bullish bias. A type 1 reaction has occurred, and we could be gearing up for a type 2 return back to the bottom of the wedge to the red zone. Bullish confirmation at this area would also confirm the classical partial decline within the broadening and descending wedge. This would set up a type...

plmyers2

Gold has seen some wild chop recently, but I think these are solid price targets for both the bearish and the bullish case. I have a bullish bias considering the fundamentals with what is going on with the dollar, a likely pause/continued decrease in fed funds rates, and global de-dollarization. Technically, this wedge has been well respected, and is...