With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
With the history of miners leading the commodity in moves, I'm expecting gold to make a move higher (see GDX charts):
- We again have the bull flag being made, with any bearish attempt to...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
- Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls
- This creates the bull flag / pennant that was see now, which was...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
I was expecting it to retrace down to the 17 area to "fill the gap"
Instead it created a bull flag / pennant , and then in 3 days , broke out of our channel and above price action
All very...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
My target area Short Term is 25-28:
- We have the 23% fib retracement from our move down from our All Time Highs in 2011.
- Weekly 200 ma
- Solid price action (horizontal black lines)
-...
THE END OF THE 2ND BAT / W?
- .786 fib retracement from our highs since the 225 tick move down in August (2116.75)
- Top of our "tidy channel"
- Smaller green candles each rising day shows weakning momentum, doji showing indecision
- Loads of price action between 2100 and 1800:
- As of now, short at the top of this channel, long at the bottom, unbiased in the...
Just thought I'd post this to see what you guys think, I think we should see this finalize in the 2040 area, with the highest potential of 2050 as a massive short squeeze . . . share your thoughts and charts, happy trading!
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here.
For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
