⚠️ Gold reaches most overbought RSI level in history

Structural errors from this week... have a nice weekend.

If you draw a Fibonacci retracement from the September 28, 2026, candlestick body,
today's gold price could rise to the 50% Fibonacci level.

Banzai wrote: Sat Oct 17, 2026 3:27 am If you draw a Fibonacci retracement from the September 28, 2026, candlestick body,
today's gold price could rise to the 50% Fibonacci level.

Hi Banzai, yes... that’s how future S/R levels are estimated (all traders do this)... BUT... I’m looking for something more: which side made a mistake, its exact location, and whether or not it was corrected... The difference is between 200 trades and, say, 3 or 4 "sniper" trades a month with a massive risk-reward ratio...

What caught my eye about this test PC... I’m expecting a nice BOOM and lots of pips...The direction isn't clear yet—but I definitely expect a fake-out move, a bit larger than usual.

Super Money Clistire vs. Pattern Express (unfinished)

If we use the Oct. 22, 2026 daily candlestick,
I hope Gold can breakout to the upside of Fibo 0.0% ($4024.40).

Volume Profile... where the edge lies, according to the statistics... I love these tests on noisy M1 charts...
To sum up—so I don't spam —avoid trading "without a pattern"; the statistics are against you.
The "Broken P" pattern appears to be the strongest signal for a long position (offering the best MFE and target-to-stop-loss ratio).
The "Thin Bottom" pattern offers the greatest movement potential (highest MFE) but requires a wider stop-loss (high MAE).
The 80% rule (WR)—applied when the market opens outside the Value Area (VA)—represents your greatest edge in this dataset; if the price opens outside the VA, look for a trading opportunity back toward the VA.

Legend:
n: Number of occurrences (samples).
%up: Percentage of cases where the price continued upward (or rebounded upward) following the formation of the pattern.
z ret: Average Z-score (statistical significance of the price retracement/return).
MFE: Maximum Favorable Excursion – the maximum favorable movement (how far the price moved in your favor).
MAE: Maximum Adverse Excursion – the maximum unfavorable movement (against you).
+1st / -1st: The ratio of reaching the first target (+1) versus hitting the first stop-loss (-1). For example, 8% 5% means that in 8% of cases, the price reached the +1 target before hitting the -1 stop-loss in 5% of cases.

Hybrid tick,tick,tick volume,cci,wpr ... add WPR to the volume and subtract the CCI to balance the colors – the advantage should be apparent by now – especially regarding where and how the price is likely to bounce...