SaharasCharts

SaharasCharts

TVC:GOLD AMEX:GLD - See a more detailed post on my saharascharts substack.

SaharasCharts

Bullish Chart Plot with the pot'l for a fake move overthrowing the Lwr-Band of the Handle to Tap-n-Go from the 4Hr Grey/MA. Most prefer to wait for a Break/out of the 'Cup' itself yet, entering on a re-entry after a Break/Down esp to a key/ma can get one in early with a tighter stop (which would be below the low of the fake move on a daily close below CAD/5.36)...

SaharasCharts

A concentration of lines giving clear patterns for actionable areas of entry on Break/Outs. Expect volatility to continue whilst with the shaded bands forming the 'Coil'. A Breakout could be produce quick profits as the range has be ongoing for a couple of years compressing the energy. The 'Ascending Triangle' (Gold) would be my preferred plot with...

SaharasCharts

Failure to exit the Brown Bear Channel will favour the Bearish-Bent. Which would target the $60-Level. Failure there would target the confluence of Lwr Channels Parallels...

SaharasCharts

An Overthrow of a slanted Bear 'Flag which would be hugely bearish as has the potential for a large C-Wave to unfold.

SaharasCharts

An Overthrow here means a failure to hold and build upon the breakout, which would be hugely bearish as has the potential for a large 'M'- Top Pattern. Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.

SaharasCharts

An Overthrow here means a failure to hold and build upon the breakout, which would be hugely bearish as has the potential for a large 'M'- Top Pattern. Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.

SaharasCharts

Has performed better than expected as it pushes on up. Now stretching for my next Target from the 'Bowl' Pattern B/Out which is at $118. I am using the Wkly 12/SMA on the Uranium ETF URA (Not shown) as a warning guide for when the sector may experience some corrective action.

SaharasCharts

Here I show the larger 'Broadening Bottom' Plot. As we have moved deeper along the Lower-Line of the smaller 'Broadening' Pattern I showed prior. Hope for us bulls here is a cessation of declines at the 62/Fib level. Especially as we also have adequate touches of the Upper & Lower Bands of the Pattern. We also have the jump from the Down/Trend Channel (With...

SaharasCharts

If it fails to recover the Deciding-Line (Red) it will be in danger of a move to the lwr-Parallel of the Long-Term Up/Trend Channel. Esp as viewing the Wkly Chart we see a 'Gravestone Doji' at the Uppr-Bollinger-Band after tapping the 62/% Fib Retrace...

SaharasCharts

2nd shaded area within the 'Bowl' has now been exceeded, meaning the 34 Year high has been taken, and if it holds will target the 'Rim' which is the Dec/1989 High of 38957. An ensuing pop of the 'Bowl' would constitute a Break/Out and if confirmed with increased volume will focus on the higher trend targets. Although a pull back to the Breakout line or below...

SaharasCharts

2nd shaded area within the 'Bowl' has now been exceeded, meaning the 34 Year high has been taken, and if it holds will target the 'Rim' which is the Dec/1989 High of 38957. An ensuing pop of the 'Bowl' would constitute a Break/Out and if confirmed with increased volume will focus on the higher trend targets. Although a pull back to the Breakout line or below...

SaharasCharts

Potential pathway from the low in the 'Bowl'. See if it can hold, any drop from the Pattern other than a brief one will negate it.

SaharasCharts

Scrolling in to view inside the Bear Plot will show it made it to the top of a 'Broadening Pennant' and since has kept to the downward pole. Which targets the Lwr-Band of this Bear 'Wedge', and an important Spprt-Band around $89-92. failure of which would bring in a swift trajectory to that Lwr Channel-Line...

SaharasCharts

Recall I was looking for a cessation of the a-b-c correction at the 38/50 Fibs. However, despite a bullish Havieron MRE (Mineral Resource Estimate) it has dropped lwr. I have adjusted the 'Broadening' Plots lwr-line and added the count for the c-wave. Having overthrown that 'Broadenings' Lwr-Line which I mentioned would be a possibility it has now brought price...

SaharasCharts

Recall I was hoping for a 'Running Flat' Correction after the 5-Wave advance, yet now that Wave-a has been breached I am looking for an 'Expanded Flat' Correction here. It may overshoot the Lwr-Line of the 'Broadening' Plot to fill out the 38-50/Fib Level and quickly recover. Failure to do so will target the 62/Fib.

SaharasCharts

Yet there are divergences appearing and a Bull 'Wedge' to Boot (Yellow). It may overshoot the Lwr-Line of that 'Wedge' to tap the rising Blue Line which is a Lwr-Parallel of the Lrgr Up/Trend Channel; where a low could be put in. Failing to hold that Lwr Blue-Line will bring focus on the Lrgr Target box at the 62/Fib.

SaharasCharts Updated 

Watching the failed B/Out of the Dn/Trend Channel as indicative of favouring the downside until recovered.