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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Horgad who wrote (60159)10/29/2020 2:01:37 PM
From: Horgad2 Recommendations

Recommended By
Anchan
El Ringo

  Read Replies (1) | Respond to 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).




To: Horgad who wrote (60159)11/9/2020 10:00:33 AM
From: Horgad3 Recommendations

Recommended By
benwood
ggersh
Rollocaster

  Read Replies (1) | Respond to of 60922
 
It looks like we have a serious chance of getting into the buy zone and completing that handle in the next 2 weeks (if not in a couple of days).