Simple DTs remedy here. New low means down we go. As Possible target of 1132, with confirmation. Excuse other indicators and lines,'But not wrecking chart to be a Tidy chartist. Iskandar
Heres the chart. Top BB for me. First resistance here, at R1 and 189MA in blue.
IMO. A Wolfe Wave, backing up a Descending Triangle. Indicators on my side. 30m chart!!!
Gold bulls are close to support at 189MA., and long term 1 thru 4. However as per Indicators, Bears are in control. I like the Bottom Bollinger band here, once and if we break the 189MA. Ofcourse A return to Bullish position would take a close back above Mid. BB Is this an Elliott wave C starting?
Hi All gold traders, IMO, we are looking at a BAT Pattern. Which would take the GP back to retest the Bullish Wolfe Wave line in Pink, from previous down pattern starting 1 as the 2014-07-31. That is all! Dyor Glenn,
Gentlemen, I feel we have a Gartley forming, which would take us back to the Bullish Wolfe Wave (Pink). Glenn. I'll post it for discussion. Enjoy! All IMO.
Fellow chartist asked me my thoughts on coke in 3 yrs time. Anyone interested in offering an opinion, please! Its sometimes good to look a head at stocks. In this case a defensive. Thanks Glenn
As per chart. Watching for this pattern. .382% retrace of last leg down. which is the min. How much profit taking will there be? Whats the effect if Draghi decides to print? Cypher would be against the breeze! Winds change!
An interesting chart showing us a backtest of Sym Tri. As per blue arrows. Being a pattern chartist i decided to look at the overall picture, and to my surprise we have Bearish Wolfe waves to coincide with Syms. I feel it explains a lot, and gives us direction. If we needed it1
Does anyone else agree that ((iii)), is infact incorrect. And that it should be moved to yesterday. Glenn
Currently i see Bullish Gartley(orange) over Bullish Gartley(yellow). So for both to achieve there goal(s). I see Gold price following the green lines. Comments/discussion points! Disagreements. TY Glenn.
I think the price of gold is at a very interesting point. We have a Busted Symmetrical Triangle, which has hit resistance at the top of the Sym Tri (pink). Black line tells of a new trend, and Sym Tri could be pointing to a bottom. People will we go higher to 1359-1360 area, or will gold Double Bust? Love some feed back Glenn. Newbie, Not to harsh, please!