We will probably see a pull back here for a few days while the handle forms. Although, I don't think BFX leads the market's behavior, so this pattern could just be a coincidence. We'll see I suppose, unless you get hit by a bus tomorrow. Then you won't see.
GG just triple bottomed on the $17 support level. A tight stop just under $17 makes this a low-risk, high-reward scenario.
From my last publishing, we broke the wedge, and thus are playing out Scenario 2. This is an update of the possibilities that we face. Scenario 2a: This is a tweak from my previous scenario 1. If bulls fail to break the purple triangle in the upcoming 36 hrs, then we will see a re-test of the 210 support -- which wasn't exactly tested last time. But, if we...
I'm just testing this process for finding patterns. I wouldn't be surprised if someone has done this already. Either way it should be interesting to see what happens. Shows we should be around 440 by mid July.
We are approaching a conclusion for the battle over the 200's, and if I had a crystal ball, I could tell you how this will end. But, until that tech is available, all I can do is entertain you with my bold pontifications of the future... So much going on across so many time frames, where does one begin to filter out and isolate the important information in all...