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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.03-0.1%4:00 PM EST
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To: Mevis who wrote (70140)4/6/2015 4:41:50 AM
From: GROUND ZERO™3 Recommendations

Recommended By
Justinfo
mary-ally-smith
Mevis

   of 219775
 
Here's a weekly gold chart as of this morning... this looks like a serious long term descending bullish wedge pattern... and using the 65% rule, I think this market is nearly done basing here unless it tries for the lows once again, but even if it does try for those lows again, the overall pattern is clearly bullish and the breakout is more than likely going to be higher from here... the monthly chart below the weekly chart makes this bullish wedge pattern look even more obvious...





GZ
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