rv
Long

HUI (Weekly)

rv  
INDEX:HUI   Gold Bugs Index
125 2 3

Large Head and Shoulders formation, targeted
at potential 6 year double bottom .

3 months double bottom , initial target 210(50 daily and 200 weekly sma ) and 235 level measured, fib confluence.
Short term retracement possible.
Thank you River_54,
Its taken 6yrs to achieve this DB,... so should we expect the same quick retrace(UP) as the fall seen in Left Shoulder prior 2008.

Perhaps World dollars running for cover,can achieve this?

Glenn
Reply
rv Iskandarglenn
Hi, welcome, lets follow the developments. The first level 235-250 is the one to watch. Lets take it one step at a time. The symmetry is a positive. Nevertheless, there is 1 more year potential.
Reply
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