PlanBillions

Expecting to show some decent resistance here! (More than the other day) Still learning to use the Fib a bit but, these expansion levels have all had near perfect touches. Total expansion is $5008ish and were currently approaching the 3.618 level at 4430. Many other gold stocks are also right at levels where they should experience resistance, the daily, weekly, and monthly charts are "unhealthy" with the recent surge and could use a pullback. Looking "bearflagish" on the daily upon the approach as well... If you look back, gold does this and ends up with a doji star or a decent wick just before a retrace! Expecting such, with a target of 4050, possible 3950 is right at 50% retracement of this leg which gold likes to do... A higher high into this area could also produce bearish divergence on the 4hr. RSI helping add possible confirmation. Short term short into a long for the leg up to $5000! Expecting it to start getting more volatile!

Read the chart. That's it ! But apparently I gotta say more s#!+ to be able to post it!? There.

This is a perfect place to dump! The 4hr just wick double topped with hammers! I'll share a comment pick zoomed out so you can see everything but, this is the 4000 fib move layed over 4500! The $4000 fib is topped right here. with the long term trend line from the fib of the moon before the last cup and handle RIGHT HERE as well! I lined up the mid trend in the fib and it's right back at "retest"! 50% of the $4500 fib is just above as well with it's trend just above ALSO! The odds are immensely stacked against her here! I was believing this would be the left side of "the head", could still be! This idea made since too tho with it being a shoulder, running up again to wick up to then drop outta the rising wedge!? Just an idea tho... Hope it plays and pays out tho! Happy hunting!

So my last analysis is proving wrong. Sorry. I'm just figuring out you could do this with the Fibonacci so, it's a work in progress. However, This definitely looks like "a top" of the sorts. The fib on the left is from the very bottom of the cup formation. A lot of the levels are similar and the action to the levels align with how price action usually happens to them and is VERY similar to how the "run up" to the cup played out! So it's definitely following it in a sense. However, it has a "top" of about 3900 and we closed the week and month right underneath that and are currently above that! The fib on the right is mapped from the bottom of the handle and I now have it at 4000 and it get's almost perfect reaction! 4000 is gonna be some kinda top! Obviously psychological, the fib's line up there, and there's a very long term trendline right at it as well ! We also "mooned" through the red section in the previous run up to the cup formation like we are now so, looking like "euphoria"! My guess is this week is a wick! I will be maintaining my short but it doesn't look like it will play out exactly as planned.

Still bearish short term and same plan for now. Just think my last pattern prediction was a little aggressive. As you can see this move would take over 12 days and it's only about a 5% drop! Do expect some sharp sell off's as there's obviously a lot of money in this trend and the weekly chart is straight green for like 6 or 7 bars and could use a healthy pullback! We Shall see tho as we could just end up sweeping highs for a while and then tank which would stretch the trend out a month or so.Don't forget to zoom out!Similar looking pattern...

Definitely showing signs of some resistance. Got in short right before the big dump! Looking for some retrace here as we've been on a tear on the weekly with no red! Still using the Fib set up to do some educated guessing. Looking for an "A, B, C" pullback as you see here. The "A" is in confluence on the 4hr. with the area we should test and the 100 day sma, bounce would confirm trendline. Guessing we either dump tomorrow or monday, my guess is we build a bear flag tom. and gap down monday but the chart shall say. "B" would then ride the 100 sma back up to the 50, meeting at the wick we formed today, top of trendline (guessing a bull flag), and resisting to the 50 day as well. Down to "C" which is support at about 3690 and @ 50% retracement, with the 200 day sma coming up for confluence of support as well! This move makes a lot of sense and is basic market structure. Notice the arrow continues the 200 sma ? Lol ! I'm guessing we form a bull flag and head for the $4500 target but time will tell...So yea, something like this hopefully...

Just finishing off playing with yesterday's idea... I wanna doubt this is the top with such little volatility so, I threw the FIB up to $4500 where it fits and came up with the market structure/ Elliott wave pattern. It could happen! `\_("/)~/`Definitely looking like a premium market structure set up here too in the 4hr. timeframe if we're gonna find resistance before moving higher!