Gold (AUD) log long term chart. If ascending wedge fails to the downside, it is hello yellow support line.
Telsla- Inside a ascendening broadening wedge.
If the US 10 yr treasury rate falls, the breakout will be upward breakout.
Likely bounce off Ascending Wedge bottom.
US10Y broken out of rising wedge.
S&P500 daily- Still within Rising wedge if using non-log chart. Of course, on the Log chart, the S&P500 has already broken support line. However, I think from history, the market tends to favor the non-log chart in most cases.
US10Y - Trying to reach 2.80% by September 2021. Goodbye Mr Stock market.
Gold (AUD) long term Uptrend on log chart.
NASDAQ100 at the top of the long term 12 year trading range.
US10Y yield. On track within rising wedge to meet yellow trendline. If it breaks yellow line, it's 'Goodbye Mr Stock market'.
For further details about Flags: Upward breakout 60% of the time (Bulkowki research below). thepatternsite.com
Gold AUD daily- Ascending Wedge At least bullish for now being at the bottom of the range.
For further info on Rising Wedges. thepatternsite.com
XAUAUD(GOLD) AUD daily chart- At UpTrend line.
XAU/AUD (Silver) AUD Daily chart- At upTrend Support line.