GPL
I posted an inverted cup and handle chart of FSM the other day... along with "how to trade it" written for currency traders... on the short side. But... the point of that... is that FSM's "pattern" is NOT completed ? So, either... that pattern will be completed... or something will have to happen to break the pattern...
I don't see very many Sprott companies that are following the pattern... because... they break the pattern...
I have noted "almost all" the gold and silver miners have some of that influence... so, in reading their charts you need to take that into consideration... unless they've broken the pattern... or finished it ?
I have also noted... post just prior... I think clocks are ticking on this "sideways channel" that is constraining silver, gold and the miners. My chart work says mid March to April... Separately, work I've done on the major markets... suggests "April"... for "big market events"...
Don't be lulled into a false sense of "no reason to hurry" by a slow market... as March and April get closer ?
The driver of "slow" and "sideways"... will evaporate overnight... and then, you will be buying shares from those accumulating them now... and, we all know who that is ?
Nothing in this eliminates risks that stupid bankers will do stupid banker things... but, I'm doing what I know how to do to "buy low"... which, in itself, de-risks your trades... when you do manage it...
So, clocks ticking means "patterns" need to be completed... soon ? Wait for it... but, don't be overly patient as clocks keep ticking... when the patterns ARE complete ? But, where stocks are in the pattern varies quite a lot. If they all looked the same... everyone would notice that... and it would make it harder to complete the trade ? So, I'm sorting charts these days... looking for ones that are "Ready"...
I have also noted that "broken" silver miners... represent some interesting discounts to value now...
I bought GPL yesterday... because... its been broken and is "on sale"... and because it has COMPLETED its pattern: Note on the chart... you might have thought November was "a bottom"... but, peaks and bottoms both are defined by turning points in the ROC... so you use other charting to ID the "buy" (or "sell") and then wait for the ROC to tick up (or down) to tell you "its time". Also note, on the 10 minute chart... bottom targets are defined by the MM crowd... using low points in OBV / ADL... and, when, after one of those lows is made... and you see the shares hit that level... that's it. Often it is, as here... a quick tap by a tiny tail just to tag the "home base"... and then its "freed" from prior pattern risks...
I bought because I was watching it... and saw the tail tap...
The most obvious clue to that"tail tap" liberating an issue having happened is... the Chandler Exit Short suddenly shifts from a "stop loss" indicator for shorts... the red line holding above the price... to providing support by hanging below the price... That's the most powerful "up" indicator on a chart... when both the red and green Chandler are rising below a rising price trend...
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