Gold - Stairway to the Wine Cellar Short

COMEX:GC1!1W

Gold FuturesCOMEX

Description

⋅ Aug 28, 2015 11:57 AM

Down we go, meeting P5 the chart says...

Gold GC Pitchforks forker FORK medianlines actionreaction priceaction newton Andrew's Pitchfork babson

Comments

look4edge

⋅ Aug 29, 2015 2:15 PM

nice, anybody noticed break of this terendline?

look4edge

⋅ Aug 29, 2015 2:36 PM

some wolfe patterns there

Tr8dingN3rd

⋅ Aug 31, 2015 6:08 AM

Good observation.
It looks like center from that swing.

IvanLabrie

⋅ Aug 31, 2015 10:27 AM

An AR line?

Tr8dingN3rd

⋅ Aug 31, 2015 1:17 PM

Could become one...at least it is a nice MPL (Multi Pivot Line), where price reacts on it, hitting from above or from below.

IvanLabrie

⋅ Aug 31, 2015 1:22 PM

8 min to go...we might see something now.

Timing_is_key

⋅ Aug 28, 2015 3:11 PM

Great symmetry on gold.. Action/Reaction, signwave & a 5 count. If it gets to line on a P5, will be nice stalk for a long to at least the current ML. A few weeks to go yet.

Tr8dingN3rd

⋅ Aug 28, 2015 3:14 PM

Your words in gods ear §8-))

IvanLabrie

⋅ Aug 28, 2015 12:08 PM

If we hit hit this P5 I'll be really happy.