Gold's WolfeWave Pattern
- Thread starter suriNotes
- Start date
Looks like logical & accurate trendlines,Suri;
the more gold short sellers the better, shorts help fuel the rally.
Most of the trendlines,[including 200dma ,50, 20dma] all data ;
are going up.
1 year chart[ with out 200dma, 50, 20 dma ]does look bearish
the more gold short sellers the better, shorts help fuel the rally.
Most of the trendlines,[including 200dma ,50, 20dma] all data ;
are going up.
1 year chart[ with out 200dma, 50, 20 dma ]does look bearish
what i like is suri's measured move.
guess that is an auto drawing tool.
the only problem i see with gold is that gold is still below the midline of the channel.
that's some kind of weekness.
but at the moment the trend is up and there is nothing to do as checking the stop.
karla
ps hope it is ok to post this chart in your thread
guess that is an auto drawing tool.
the only problem i see with gold is that gold is still below the midline of the channel.
that's some kind of weekness.
but at the moment the trend is up and there is nothing to do as checking the stop.
karla
ps hope it is ok to post this chart in your thread
Do you guys actually trade based on those lines :eek: