Hmy is similiar to the SLV chart. It should break the channel and double tap fall by 2018?
Then you add in the Head and shoulders in the channel and its even spookier.
Not too optimistic during summer.
Looks like HMY is holding up. I see 5 bottoms.
Inverted Hunt Volatility Funnel.
Average true range decreasing over last few months while on balance volume decreasing.
This is not advice of any kind.
By the time people see it its too late.
Nobody sees the 5th bottom in. HMY has my patented line bottom. Its integrated in the channel.. the relationship with the IvHnS is very intricate.
HMY - Watching HMY in this triangle to see if it continues to coil and bounces off support
Tis 2.53 is a solid support here. If it breaks the 200MA is up around 3.10
HMY breakout, retrace to trend line, then up to new high. Not sure on dates, just working on direction at this point.
Compare ABX to HMY... and you see that HMY is going to move like this.
Then you discover the other half of what makes a bottom.
1, 2, 3, 4.
Inverted double sliding top. New channel And Cujo's corner. Cujo corner is the sweet spot to buy.
Channel breakouts. Buy when it breaks (red).. Sell when is breaks in blue (sell).
I'm showing you guys my new buy signal.. Its a down channel with a red hump.
I sold at $4.65,,, waited for 3rd leg down.. then go all in. And also look for channel breakouts.
Very nice retrace, and 2nd leg up starts now.