Looks bearish still based on the monthly chart with what I believe is some hidden divergence. Based on this I will instead look to shorting several gold stocks I have in my portfolio. I also have several other techniques that also confirms gold's bearish trend. I do believe we are very close to the bottom. Taking into account what is currently going on around the...
Just my thoughts based on what I see here....feedback or comments are welcome
Just my thoughts and observations: - Head and Shoulders (Bearish) pattern on the larger time frame that has complete On the 4 HOUR: - We have hidden bearish divergence indicating further continuation to the downside. - A small double top is in play. There is also some bullish hidden divergence indicating price may retrace back up for a short time before reversing....
Two Patterns here...firstly the bearish bat is heading towards a completion at the D Leg. I have applied other indicators or Fibs and have highlighted an entry zone. I will be taking a non aggressive entry by monitoring price action at these levels rather than a limit order entry. There "MIGHT" be potential bullish Cypher starting to appear. I'll be keeping my...
Good opportunity to get in long if you havet already
I rarely look at the monthly charts but decided to take a look and a simple trend line to the up clearly shows AUD is looking to touch that trend line. Depending on how you draw your trend lines will determine where the bottom might be. My previous analysis (Before seeing this) was for the AUD to hit 0.75 and possibly go further down to 0.72. There is also some...
Hope I got this right...either way, feedback would be great. Even without the gartley, my previous analysis was for silver to hit close to mid 17 and a declien to the 15 level before the next move up. Cheers
My previous analysis indicated that Silver could fall to 15, 12 and bottom at 9. This was based on looking at Yearly, Monthly, Daily charts. All indications were that silver was not moving away from its downtrend. Now if you observe all the charts - yes silver is still in a downward spiral until you check the daily and it is clear that silver is forming some...
I have been in long and short since 2007. I have always maintained that this company will be massive. Originally I believed that we had hit the bottom and a reversal trend upwards was looking positive. Doing further analysis, I've noticed a potential formation of a head and shoulders pattern...Any thoughts? I'll be monitoring this pattern closely but being a long...