Interesting Fibonacci countdown into 2021 for stocks when viewing the bigger gears. This yearly chart shows many important events unfolding from this sequence throughout history. Will 2021(F8) mark another important event? Something for other number nerds to chew on. $SPX $DJI
Hecla is entering an area of interest after hitting the targets mentioned last October. It could backtest the long term break out rail and tag the 2008 top. There is also a lot of fib support in that 12.90 to 13.15 region. I expect a reaction in that region if it gets there. $HL $CDE $SLV $SIL $SILJ
Hecla seems destined to visit the top of the channel...touching regions not seen since 1968 and Sept 1980. Most peeps don't know that the miners topped 9-10 months after metals in 1980. $HL $SIL $SLV $CDE
@PATCHnHrd@ldiped01 I think Jan 2028 kicks off the next 2008 style event....I've seen a lot on the fourth turning talk but not much about what emerges from those ashes....not sure it's necessarily better....hope I'm wrong.
I think $GDX will probably make a move into the orange box if the last low goes...64 at the minimum and 54 at the max. After that I believe it will make a move into the 130's for next interim top before ultimately fulfilling the channel in the 190's before the start of 2028. Doodle is loose interpretation. $GLD $SLV $GDXJ $GC $SI
Hey Inge! Yes, that's essentially what I'm talking about. Price tagged the 50 and 100w averages from below and left kind of a spinning top candle on the weekly. If it did drop down there it would bt the break out and fulfill the channel. Would obviously take a break of that shorter term tl to get into that orange box area. Hope all is well!
BTC GOLD Ratio in a precarious situation but bouncing where you'd expect. Test at 33-34....break of channel sends it to the 200w at 22 with bigger support at 16.
$BTC $GC $GLD
Hecla seems destined to visit the top of the channel...touching regions not seen since 1968 and Sept 1980. Most peeps don't know that the miners topped 9-10 months after metals in 1980. $HL $SIL $SLV $CDE