Triangles Galore

I felt like posting a Tuesday night quicky for you rats:

Soylent Green: We most likely concluded Minor 1 of Intermediate (Y) of Primary {2} at today’s peak in the tape. We should now descend towards 934, which is the minimum retracement I would expect for a 2nd Minor wave.

Soylent Blue: We painted yet another triangle but only on a Minuette degree level and Minor 1 of Intermedaite (Y) remains incomplete. Triangles are the new consolidation it seems for this Primary wave – the implication here is that we should drop a tiny bit in the morning to conclude Minute {iv} of Primary 1 (and to lure in some bears). The Minuette (e) wave bounce point should be around 941/942 after which we continue upward to breach the upper boundary of the triangle. I would expect a push towards 957, at which Minute {v} would be 68.1% of Minute {i} of Minor 1. It’s possible that we bust higher – and if we do we might run all the way to that diagonal.

BTW, Silver seems like it’s ripe for the plucking soon.

But I’m not touching the stuff unless I see the Dollar stabilize and form a bottom. No need to rush as I don’t think the gold/silver bugs are going to let this one go without a fight (i.e. we will get a re-test if we drop around 16.25.

See you on the other side.