3000 BY HALLOWEEEN DRAFT 5B, CATCHING FIRE
There are varying methods to trading successfully. I am not here to debate WHAT YOU ARE GOOD AT. That's silly. But if you want to nail a big gold rally, we are about to catch fire here. If we nail this draft's route for FRI-SUN-MON-TUE, on WED 7/3, we going to catch lightning! This is 5B because DRAFT 5 committed to the rally pattern with courage and distinction. From here on out, we are only filling out the details of DRAFT 5's calendar/price check list. So light blue was the most updated version last night. Base case right now is yellow. IT CAN STILL DO BLUE, I just don't think so.
1) listen, I have the route to 2450 REALLY CLOSE, I know it in my bones
2) once trends gun up like this,WE HAVE ESCAPE MOMENTUM
3) it just haven't played out yet
4) if you wait for proof, it's going to to be 2380 before you have it
5) what's new?
a) I thought NY could only do 2324 max in the afternoon
b) but we already tagged 2330 3 HOURS AGO
c) this extra punch is enough to break above 2370 NEXT WED
d) so bigger zigzags to open the rally
e) finally, more detail to 2475, 2500
6) and I have ZERO REASONS TO MOVE OFF 2720 on August 2nd
1) listen, I have the route to 2450 REALLY CLOSE, I know it in my bones
2) once trends gun up like this,WE HAVE ESCAPE MOMENTUM
3) it just haven't played out yet
4) if you wait for proof, it's going to to be 2380 before you have it
5) what's new?
a) I thought NY could only do 2324 max in the afternoon
b) but we already tagged 2330 3 HOURS AGO
c) this extra punch is enough to break above 2370 NEXT WED
d) so bigger zigzags to open the rally
e) finally, more detail to 2475, 2500
6) and I have ZERO REASONS TO MOVE OFF 2720 on August 2nd
Catatan
1:43 PM ET, the small box is where we are now.1) we already tested 2320
2) and right now at 26.xx IF WE TEST AGAIN
3) there's 2 lines of support there
4) not to mention daily trends are strong AF
5) so after 2352-53 there SHOULD BE a check to 33-34
6) before topping 2367-70 on Monday
7) in chart above, IN ANY SCENARIO target 4 is A REQUIRED CHECK DOWN
8) 2318-28 depending on the lead-in move
Catatan
9) also keep in mind the the call is 2450 next Friday10) that's the bigger picture
11) I AM NOT GOING TO CATCH EVERY MOVE
12) especially when I sleep
13) so don't over trade
Catatan
5:28 PM ET, 2327.xx aftermarket, I am not sure blue route is the under dog.1) if you look a chart at top
2) the biggest difference between the two is...
3) whether or not there is a step #3, meaning just 2, then 4, 5
4 we will find out tomorrow one or the other
Catatan
6:24 PM ET, 2326.xx, no we do not find out until Sunday5) bc the move is the same to Friday close
6) this is bc the ceiling at 2352 is pretty tough right now
7 ) we don't get any clues until tomorrow's check down
8) bc it's counterintuitive one
9) my suspicion is tonight's 2352-54
10) will retest 2320 after tomorrow's NY OPEN
11) this is deeper than show possible in chart at top
12 ) so like this
Catatan
Catatan
13) but this is deceiving 14) it's actually not more bearish
15) but the reverse
16) it means the route I have in chart at top
17) MAYBE TOO SLOW STARTING SUNDAY NIGHT
18) we will cross that bridge if and when
Catatan
19) 7:27 PM, no, we are out of time, so this move will move faster than even I thought possible20) starting with the move above
21) THE MORNING HIGH IN NY is the signal for how fast this moves
22) and I am letting you know right now
23) that the chart at top is TOO SLOW after this first move...
Catatan
6/27, 8;40 PM ET --man this is hard, but the easy way is1) TOMORROW THERE WILL BE A CHECK DOWN
2) to 2320-2335, but until it happens, its a forecast
3) you can just BUY 2324 NOW
4) HOLD TO 7/5, 7/12 OR 8/2
5) whatever floats your boat
6) the picture after the first move is a very difficult one to map
7) so if it's nothing to you
8) you'll be fine
9) the reason I put it this way is bc I see the "possibility" of
10) VERY HIGH 2-WAY VOL
11) so it comes down to
12) how picky you are vs how strong your heart is
13) be aware
Catatan
9:04 PM, from a session perspective, this is not supposed to hit 23211) so be careful here if trading 1 session
2) this i needs to be reversed quick or up
3) it is already under the 2nd trend line at 2320.65
Catatan
10:56 PM, 2323.XX, here's what I got, but it's a generic NOT A DETAILED CHART;Catatan
1) in chart above:there's a slow down of step 22) a fatter or wider step 3
3) step 4 is same but step 5 is much more aggressive at 2390
4) STEP 6 IS A MAJOR SURPRISE W/ 60 POINT RUG PULL
5) it took me a moment to slow down and confirm this isn't a massive bear set up
6) bc it acts just like it
7) fore example:
Catatan
Catatan
16) I am TOTALLY CONVINCED THAT WE GET 6O PT RUG PULL AT 239017) I have zero reason why it should do that at this time
18) so while I make draft 5C, a reminder for caution after the checkdown
19) bc we are talking 7/2 7/3, your're SUPPOSED TO BE all time high
20) vs averages, and YOU ARE RUGPULLING FOR 60? ....
21) and you want to do 2720 in 30 days after that?
22) not impossible but cautious we must be
Catatan
THIS POST HAS ENDED, HERE IS 5C:
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