Junior Gold Miners ETF have been bitten up or rather down for the last 3 years.
In this process it has completed a huge ABCD at the purple line in 32.44.
At the end it has created a smaller shs pattern.... but target hasn't been reached so far at yellow line 15.75 (lowest is red line 28.97) and neckline is now being challenged. Is it a backtest or .....?
Speculative:
At a move and close above neckline for 2-3 consecutive days the shs pattern will be negated and I will be bullish. ;)
If above pans out I see a 0.236 retrace of the complete purple ABCD move for a good beginning.
I see the complete ABCD move being finished and with price above purple line ....it could be very bullish ;)
Music at work:
open.spotify.com/track/56Nl0MD5g8lQAtL1FmQQm9
youtube.com/watch?v=Fh_S8EJnRv0
Extra: youtube.com/watch?v=AT1isgc57O4 (Like the bass)
But as always.... time will show
Safe trading ladies and gents!
BM
In this process it has completed a huge ABCD at the purple line in 32.44.
At the end it has created a smaller shs pattern.... but target hasn't been reached so far at yellow line 15.75 (lowest is red line 28.97) and neckline is now being challenged. Is it a backtest or .....?
Speculative:
At a move and close above neckline for 2-3 consecutive days the shs pattern will be negated and I will be bullish. ;)
If above pans out I see a 0.236 retrace of the complete purple ABCD move for a good beginning.
I see the complete ABCD move being finished and with price above purple line ....it could be very bullish ;)
Music at work:
open.spotify.com/track/56Nl0MD5g8lQAtL1FmQQm9
youtube.com/watch?v=Fh_S8EJnRv0
Extra: youtube.com/watch?v=AT1isgc57O4 (Like the bass)
But as always.... time will show
Safe trading ladies and gents!
BM
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.