bearish ab=cd pattern on weekly w/ larger head and shoulders

details on chart

Comment:

Comment:

also seeing possible Double Top on 4hr

Comment:

AD showing me a bear flag on Gold

Comment:

Bearish for $jnug if the AD breaches the .618% fib level

Comment:

Monitoring $GDXJ weekly chart. Will know Tuesday if it holds true to my bearish sentiment.

Comment:

$gdxj sold off a little into the close. The 1hr chart also confirming a bearish head and shoulders pattern

Comment:

AD on 4hr chart showing potential bear flag watch for a potential break of the .618 fib level

Comment:

I'm watching the 1hr Divergence on $xauusd chart. The AD needs to get over the .382% fib level to continue any type of bullish activity

Comment:

watch $gdxj 30min chart its path/direction will dictate where gold and $jnug go today

Comment:

watching for a 1hr Cup/Handle set up that could happen on $gdxj

Comment:

The potential for bearish 1hr cross still exist.

GDXJ either creates 1hr bull flag, dips to see if support holds to form cup/handle, goes below $36 to erase all bullishness

Comment:

$gdxj weekly chart I see a bearish AB=CD pattern unless there is a close above $38.32, not sure if a gap up is likely. But I'm nimble in my trades

Comment:

4hr chart of $gdxj *** reference point *** for 3/23/17 although $GDXJ dip tonight, will need to confirm one of the 3 options I mentioned before close. Two possible bullish continuation patterns forming (c/h or bull flag) other scenario is a complete breakdown below $36.. Brexit is next week. I'm not ruling out the bearish AB=CD pattern on $GDXJ which is possible

Comment:

***last reference point*** here is where it gets tricky trading gold/$gdxj will be watching both over the next 24hrs. I'm a buyer of $gdxj if it closes above $38.32 or gaps up at that level. will see see if gold can hold $1237, it may test 30min support level also..

Comment:

1hr bear flag on $gdxj

Comment:

Can't rule out the cup/handle possibility as long as the share price of $gdxj stays hoovering above the Pivot Point on the 1hr

Trade closed manually:

closed short position added $jnug as hedge