Nice bow draw reversal back into wedge. Pos divergence and %R both say up. 200 MA just above, 8, 20 and 50 just below. We'll see.
History repeats. Reds are uptrend lines. Mega phone broadening wedges. Note gap and divergences similarities.
NASDAQ:AMGN Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction. Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski High volume nodes and POC labeled.
AFL has falling big once before on a big picture bearish pattern. Could it do it again?
GLD weekly looking like an inverted Bump and Run Reversal (BARR) coming into the lead in, while a channel up holds the upper extreme. POC near 118. Short term pullback.
Rising wedge on 300. SAR break. MACD death cross. Will test BARR bump line on 60, then demand line of ascending broadening wedge on 60, then gann 2/1. .382 fib is target, @ 33.65