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Non-Tech : The Woodshed
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Anchan
El Ringo
To: Horgad who wrote (60159)10/29/2020 2:01:37 PM
From: Horgad2 Recommendations  Read Replies (1) of 60922
 
Gold bounced off the lower trend line of the handle today. If the handle goes until full sized (1/3 retrace) and the pattern repeats, we have one more up/down, lower high/lower low cycle within the channel. Also, FWIW, the last cycle took a month. (So 1800 around turkey day?)

But, IMHO, that scenario really is too clean/perfect/obvious technically wise, so it probably won't play out that way. More likely there will be some surprise change or acceleration to the current pattern (for better or worse).

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