Well...we got the flush in gold and we have the A/D line holding divergence.
Now let's see if the PM stocks can breakout to the upside to give us a buy point.
Fib
Posted 27 November 2016 - 06:30 PM
Well...we got the flush in gold and we have the A/D line holding divergence.
Now let's see if the PM stocks can breakout to the upside to give us a buy point.
Fib
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Posted 27 November 2016 - 07:07 PM
great stuff and thx Fib! Just another and very important technical divergence that could support one helluva key secondary low here. Gold up a bit tonight in early trading at 1187, if it can get back above 1200-1210 resistance I really starting liking the final bottom case.
Senor
Posted 27 November 2016 - 07:50 PM
Looks like an inverse head and shoulders on the hourly gold chart... up 13.60 to 1192 now.
Posted 27 November 2016 - 08:10 PM
Muchas Gracias Senor Dave!
Posted 27 November 2016 - 08:41 PM
give me 1230 and i will agree
Posted 27 November 2016 - 08:59 PM
Also a reverse point wave (RPW), as good as an iH&S
Posted 27 November 2016 - 11:59 PM
smithy not sure i follow rpw=reverse point wave. which i believe is a wilder techniques from the 80s(which is essentially anAlso a reverse point wave (RPW), as good as an iH&S
Edited by dharma, 28 November 2016 - 12:02 AM.
Posted 28 November 2016 - 01:16 AM
give me 1230 and i will agree
Make up your mind Dougie..
Posted 28 November 2016 - 03:26 AM
Thanks Dave.
Posted 28 November 2016 - 08:38 AM
smithy not sure i follow rpw=reverse point wave.
dharma, it's flawed but I think the principle is there.
Edited by Smithy, 28 November 2016 - 08:42 AM.
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