Terribly sorry, xelite777, no disrespect to you was intended. Please carry on, nice thread.
Monthly neckline broken - we're going down to meet the uptrendline from year 1945
See extreme right of chart = triangle = needs a wave 5 down = the historic low of "7" will be taken out = Depression gets underway in earnest.
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Thanks amigo. I will handle it with utmost care.
Welcome :) current TOP is July 17, 2014, breakdown got underway when my trendline was taken out on July 25th = info in opener of this thread.
Thank you kindly. Yes your pattern has already been considered by yours truly. A push up to $1365 is required to complete the 2nd triangle....
+ve Divergence is not strictly the correct term here because the lows after the 1st one are a tad higher, but I'm also taking into account the...
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Here's my weekly with only important stuff showing to reduce clutter green line is 200 ema overhead resistance. Arrows show positive divergence...
Thanks for the input, let's see your weekly with your explanation pls - would appreciate it very much. I'll do the same and we can compare....
Gold: Inverse Head & Shoulder on 4H, neckline @ $1323. Pattern not worth a damn unless the neckline is taken out. Minimum target is $1360 -...
Gold: (repeat) I'm in it a lot, going nowhere, opportunity cost alone is huge not counting the frustration of failed breakouts. Argue or angry...
The tongue like a sharp knife .... kills without drawing blood Lord Buddha
A jug fills drop by drop. Lord Buddha
a "tampon" button is my recommendation
Without my help (yet) he's already at 5. :)
Gynecologist and a pizza delivery boy much alike. Both can smell it, but they can't eat it.
Thanks amigo. Appreciate your guidance. Planning for worst case scenario is underway as stated. Line in the sand is $1283 as in previous post.
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