This final low confirmed my suspicions that this was an accumulation phase by large hedge funds. In my chart you will notice an area marked "springboard". Springs are nothing but shakeouts that happens within the Accumulation phase. The prices will fall below the Preliminary Support of the trading range only to reverse back above the trading range within a short...
gold is still nowhere near as bullish as silver. waiting for retest of lower trend line for buy.
As long as the market holds together i see tomorrow be the first day of a melt up. i would expect this hasn't gone unnoticed by hedge funds so id expect a big dump to take out stop losses and then head north.
Hoping for a retrace at this point. buy zone highlighted. obviously if the bottom trend line is broken its a no trade.
whoooo hoooooo. waiting for retest!
id like to see this test previous resistance before entering but looks like a great set up.
hold trades til the retest but this might be the breakout!
wasn't the set up i was hoping for. just waiting for further price action.
May continue down to major price support line. lets hope this is the last one.
3 rising valley Pattern, no real divergence. i would feel comfort able scalping the first move to the top trend line and watch for a breakout.
Showing many signs of a bottom and reversal (+Div, Double Bottom) now watching for confirmation of uptrend. Has similar cup and handle pattern to gold but not gonna call that one for now. Same as gold waiting for momentum catalyst. Could be election dispute or crash not sure yet.
At this point just watching for some negative divergence or an event to push this down to a retracement level.
The chart really speaks for itself. This is a key moment just waiting for something to trigger momentum. With high valuations of the market i see a decline in our future. In the short term i see this going down with the market, But the rally will be largest in history.