I like your analysis ... a bit symmetrical, but very interesting. I will follow if you don't mind. I called it ST long on au.investing.com, but commented it needed to fill the 43.40 gap, which it did today. Now looking for 48.50-.70 but I could use your analysis for a bigger picture view. Nice work +1
@Oh_If_Only, thanks. On longer term timeframes the market operates in the same fear/greed cycles on uptrends and downtrends. You see relief and consolidation. It then begins to form technical patterns based on these sentiment based movements. If you use COT data as well as Wyckoff you can really catch trends and know what the market wants to do early.