armstrong

patrick186 patrick186 PRO W1!, W, Long , 7 months ago
W1!: Wheat descending wedge!
123 0 5
W1!, W Long
Wheat descending wedge!

Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017. Martin Armstrong has posted about the global *cooling* (not warming) ...

cryptegrity cryptegrity PRO XAUUSD, M, Short , 7 months ago
XAUUSD: Gold to breakdown under resistance for Slingshot
243 0 2
XAUUSD, M Short
Gold to breakdown under resistance for Slingshot

According to Martin Armstrong, for the best-case gold price target of $5k+ per ounce we would be best to see a breakdown below the current long-term support to see $1045 to form a slingshot move. Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.

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