Capitulation in the metals market right into long term time and price targets . Nice to see !
sell stop levels, all ya can do is go for the ride and let the market take you out
Long term buy on gold stocks here.... yea, i know they been taken to the woodshed, but the long term trend is solid... this is a great buying opportunity.
All annotations to explain the chart inside the graph. If you have any questions, let me know!
I stumbled on this using the Tradingview cycle pattern tool and it seems to be a valid cycle although I don't know how long this cycle of bottoms and tops will continue. The next one is set for Oct 8. The only problem is I can't figure out if the next cycle date will be a top or a bottom. I guessed on the last one and made a 8.5% profit using HGU (2x ETF for...
Keep in mind, I'm half in cash, so my real losses are nominal.