GNOG - Trend Break Double dip W

4 month bearish move coming to an end with a classic textbooks style W, double dip formation.

Comment:

I really like when I can say "I told you so" =)

Trade active:

yes 1 to 1 match went so far. This was not a big to guess. The main prediction is whether we can break that downtrend line, the last part of my zigzag. If we don`t break it, we might see a triple bottom formation.

I wished by next week where I foresee to push beyond the trendline, NDX overall trend to help us. Alas, NDX made its move this week already and might turn downwards next week which will not help the formation. Let`s wait & see