stockcharts.com[w,a]dacayyay[dd][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G
Looks like a rising wedge that started from lows in October.
That last wedge that started in July terminated with that sharp drop in early October.
I have been using falling and rising wedges more and more in my charting and trading from intraday to weekly and it seems like a very high percentage of wedges break like they are supposed to.
stockcharts.com[w,a]dacayyay[dd][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G
Rising wedge breaking on HUI? If trendline breaks where do you see support?
stockcharts.com[w,a]dacayyay[dd][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G
Same pattern on XAU
I may have nailed the ST top to the day. |