"Megaphone Bottom" chart pattern formed on Gold. This bullish signal indicates that the price may rise from the close of$1854 to the range of $1951-2000. The pattern formed over 150 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.The recent broadening action tells us...
Hello my beauties.
It seems that the price of oil, while climbing, has created a bearish broadening wedge (or megaphone).
The completion zone for this pattern is the green area.
I'll wait for any wign of weakness and initiate a short position to the completion zone.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to...
