Dave111 wrote: Thu Nov 30, 2023 6:13 am
How about the next Daily MRI line ?
Take out the May high. A bit ambitious ?
Hey @Dave 111 you have been MIA a while. You know I frankly have no opinion I can trust on that. We see that price has been consuming space in direction pretty rapidly and has broken the bounds in the Quarterly range of Gold ala Weekly MRI (but is strangely located right now less than 1980 Monthly TP on the Daily Time Frame MRI) but has space of course on the Annual MRI in MN 2169/2290 and the shape in WK is certainly very bullish appearing to be aiming to push MN to limits. Like @ImpLaNT suggested the bullish surface has expanded now leaving only MN Green as the next area to be liberated. We have 3x Price Action Arrows all hot up and we are in CMD 1 = Gold so anything is possible. However we are also absent the expected monthly candle opening not too long from now which again could be impetus higher but as you know my friend and as we have seen before at this time of great certainty and expectation going up is the time someone somewhere might decide to deflate the balloon. However my sense is if that were that to happen it would be temporary enabling a recycle that takes us toward MN MRI highs but I really cannot guess but any pullback now I involving H4 pivot low is a great chance to pile in up I think. Long ramble and no clear answers but you know we do not predict we simply follow Orders ------> sorry I meant follow Orbit the Tool. Hope you are well and me I am ok as can be and really working that article I pushing that it is out not beyond this weekend. Cheers my very good friend always happy to see you around.
(_-_) Very happy to see a friend.