shung05

shung05

This time is different from past correction, a rounding top created compared to previous sharp peak. Simple is the best.

shung05 Updated 

Trend is everything, keep simple mind, don't dig to much in technical analysis is my experience. Round bottom is a sign for a long term trend reversal. Once it reversed to bull, your action is only to believe it. Round bottom is different from cup and handle, no retest and no trigger point, therefore, it will make you puzzled except you are brave enough. Round...

shung05

For the past one month consolidation in gold, the rhythm does not change. Correction was not more than three days, than followed by bullish candle.

shung05

The red line is gold, blue line is silver. From the historical data, silver often broke the resistance point after gold did. So will this happen this time?

shung05

Simple idea and keep analysis simple will win big money. The trend is always true, but many people like to predict the reversal, puting money into low accuracy cypher pattern is really ridiculous.