Look at this chart. Is there anything about it that is remotely bullish? No, there isn't. At least not to most people. But to an Elliottician its a way different story. This looks to be putting in the C wave of red E of black [2]. When this reverses back up it will most likely take out both the lower and upper rails of this falling wedge before the apex. The bottom could already be in or we could maybe see another 10% down but it will only be for an eyeblink. When this takes off there will be shock and awe.
Nobody is predicting this right now because sentiment is so very low for metals and miners but smart people buy when there is blood in the streets and when the Elliott wave model suggests that an entry point is near. This is a Christmas gift from me to you. Don't look a gift horse in the mouth. Cost average in starting immediately and you will be very happy in just a few months because the apex of this wedge occurs very early in 2019 and these reversals don't often wait until the very last second.
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