Loading ...re long unwind level….I call that article as BS……this is a monthly chart of Gold….yes it is well over bought….but on a monthly basis it has barely stopped going up……I can’t imagine that any system that CTA’s use can get them out and more importantly back in….. at this point….it would be pure luck, calling this a top.
and then if we look at a Candle chart, there is no top, as yet…yes we are in a 5th wave but that wave is clearly extending, as the waves within the 5th, cannot be counted as 5 waves of similar amplitude….the hesitations are getting shorter and shorter in terms of time.
I would label this current hesitation, as a potential 4th wave dn of a 3rd wave up, in a 5th…so a 5th up of 5 up is still to come.
But good to see people trying to call an end…tks
as for the scum….they are still around……messing with us…..cheers