Evidence:
1. Weekly bounce off of 14 year old upwards trend line
2. Bounce off of three year downward channel boundary
3. Strong bottom formation in daily chart
4. CRB nearing 16 year old bottom levels
5. Gold and oil looking for a bottom somewhere around here.
Speculation:
Seems to be targeting a wave IV pullback to 8153 / 8323 area
1. Weekly bounce off of 14 year old upwards trend line
2. Bounce off of three year downward channel boundary
3. Strong bottom formation in daily chart
4. CRB nearing 16 year old bottom levels
5. Gold and oil looking for a bottom somewhere around here.
Speculation:
Seems to be targeting a wave IV pullback to 8153 / 8323 area
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.