more downside expected, page-109

Thanks Nouf. Also very useful and makes good sense.

A bit of a picture is now building from a few pieces of information,

1. Rambleon's repeating range theory of $7.21

2. Your wave theory for possible $7 area to end small wave (iii).

3. Gold USD chart nearing 1200 (possible support).

4. My $7.30's number from a few weeks back.

It could be that we see the bounce we are looking for at this stage (your small wave (iv)) when US gold approaches some support at 1200 (soon).

Then US gold going down to 1140-1150 (the potential Head & Shoulder target, see image) giving rise to and completes your wave (v)5 proper. And that may be the NCM bottom.

As we have seen, so far, NCM has no bottom. I thought 7.30's would do the job. But na. Damn bottomless.