Backtesting to put in a double bottom, FBO the bottom line of the channel. Let's see! Looking good to me!
Using Gann's time count, EVN (gold) rallied up from March 5 for 87 days, and it was retraced down for 29 days, coincidentally the bottom was made on June *29*. On the daily chart, there is a higher swing bottom and show in the circle. this leads me to believe that EVN should be going up from here, and if 1st range repeats, it should hit 6.20 as the eventual target
EVN took a beating after gold price dropped but it seems that this current pull back is about to exhaust at the 61.8 Fibonacci level. Some bullish price action at the current levels will be an encouraging sign to get long for a potential target of previous highs. My initial target would be $5.00 level (potential 12% gain) and a tight stop below the current swing...
It seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would...
Spot Gold. The market drove the gold price down and closed below the open price of previous bullish candlestick. This bearish engulfing is the first sign of bearish movement. It is also found near the resistance zone in mid-June 2018. Therefore, it makes sense for a technical correction. Conversely, this AUS gold mining stock EVN behaved very well from the...
Chart has what i see/look for Either breakout or catastrophic failure, Pnf says BO Being held red, is always a nice entry for me STT $3.62 FD holding