Yes, a big call! Silver needs to rally 11% for my $37.40 target...

Yes, a big call! Silver needs to rally 11% for my $37.40 target to be achieved this week. I do not know much about moon cycles but did see some good correlation with the silver price thus far in 2024. In 2020, another election year I noted that the early November top and early December bottom occurred on Full Moons which differs to the current occurrences in 2024 of price reactions occurring on New Moons. I have not back tested moon cycles apart from those 2 months in 2020 and the entirety of 2024, so a small sample size. My price target is just using Fibonacci trend channel extension as per below. I just made the assumption that if we are following the 2020 scenario that the wave 3 of (iii) target has to occur in early November. That lines up with my view that we correct in wave 4 of (iii) in November and we get a decent rally into the new year for wave 5 of (iii). January to late February have seen tops in the past.

Cycles are confusing but from what I understand, the weekly cycle low is the intermediate closing low (ICL), and you see some cycle analysis refer to ICL's on their daily cycle chart which they derive from their weekly charts.