SA looks to be oversold (blue circles) and consolidating. RSI
and %R are very oversold. Typically a run up is expected (but not always) into the red circle sell points. Stochastics strategy is indicating a Long Entry ( LE
). The pattern forming could look like a bear flag
, but is very similar to a turn pattern from 11-5-2014 ( see gold
bars). TSI looks to be starting a move higher. This is just a possibility. With gold
moving higher I expect SA to join in.