Both last swings indicated that EU is ready to hike back to the former, upper price. The price shows a false break price action which is externally retraced near the former peak. The shark harmonic pattern showed up and must be completed in order to make the future price advances back up. On the larger scale, the XABCD pattern on the half way to complete its body...
February Gap of GU will be closing soon as the price advancing to the upper level and creating high peak and trough. The price slowly bouncing in the shallow bullish trendline and from the dow theory perspectives the minor trend showed up a bullish trend, while the primary and secondary trend are not confirmed yet to be bullish. The closing gap will generate a...
Gold was consistently made higher trough in the shallow trend line. From the dow theory perspectives, the current trend still sideways. Nevertheless, gold now advancing to the lower level, creating new lower trough and the bat pattern of harmonic calculation will be completed. There is no sign of sideways transition reversal, as it formed higher and lower peak,...
The break of bullish pennant brings gold on the higher price level and creates new potential strong resistance. The price will likely retrace on 1.618 of XA as it forms crab harmonic pattern. The target of harmonic pattern conjuncts with pennant target, and finally will complete rising wedge pattern. The current state is on excessive phase, the price was going up...
