The two charts are a comparison of the previous beginning of last gold bear market compared to the current price of Gold. I posted a chart in May that I recognized an apparent triple top technical pattern, that if it turns out as accurate, Gold has the potential to tank by up to my estimate 44% from all time high. I was told that is "Impossible" in the chat, and...
Updated from previous Published chart....
Gold looks to be about to bust IMO. Already had calculated current trend pattern, and identified it as a potential 3top pattern a week or two ago. I wanted a back test of any previous 3top tech patterns to see if the calculations used; the standard 2X the % of 3 top formation channel difference from top to bottom. Then...
Gold looks to be about to bust IMO. Already had calculated current trend pattern, and identified it as a potential 3top pattern a week or two ago. I wanted a back test of any previous 3top tech patterns to see if the calculations used; the standard 2X the % of 3 top formation channel difference from top to bottom. Then calculate and log the price point of the 2x...
This is something I have followed for a few weeks now. I decided to see if there were any similarities in the movement of the market now as compared to the downturn in 2008/09. Not saying they are 100% correlated at all! But If you fiddle with the charts enough using a bit different lengths of time but still using 1 day candles, the hint of a repeating pattern...
Using almost all time candles you can see a fairly large "bowl" or "cup" formation. The formation completed last week and seems to be in the process of forming the handle. The depth of the bowl can be used as an estimater of how much of an increase the price can gain if it were to break out to the up side once handle is complete.
Another very promising...
In the chart I have highlighted the key areas of the head and shoulders classic formation for DOT. Using a four hour candle chart, it appears that all, or at least most of the key characteristics of the pattern are present with the pattern one key step away from full confirmation. This is my first published chart, and I am not an expert quite yet on technical...
