Gold and therefore its risk class looks north to me at this point. There is buying pressure clearly on the current 6n bar implying sustained motility in the northerly direction and the rotation is off of a 6n Y (2) {Initial Value or 1969 low}. So the implied Maxout value is at least a similar high point. But Y(2) is also a displacement Semaphore that can replace the Current Crown top at 2009.35 (Peperstone data). So all in all this is what I see at this point and expect to hold until next point equal to the initial value off of which we are rotating higher. But of course if on reaching that point price stalls and initiates a return lower then the current Orbit indication of a pullback may change to a reversal Early S Ordinal pointing is probably indicative that we may go beyond a Y(2) high but as we travel its expected range, changes or the lack thereof in the other Ordinals higher than S keep us informed of prospects. If the other 2 M and L do not agree with S by the time we reach it's Maxout value then we might see a reversion low and therefore a reversal.
(-_-)
PS: I would also be watching for nSign change about the time of a Y(2) pivot high. If nSign is onside with it opening into far space then of course the implication is more uprising from that point. Those trading Gold and or its risk class must note this going to be a significant NFP,s because clearly a break north declares a strong uprising against a pivot top that already registers in the 2000 handle and long-term traders like me should keep this in mind for holding their positions and or initiating entry.
Attachments forums
Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space
Darkdoji, Fri Nov 03, 2023 6:05 pm