Amazing flag representing the fourth Elliot wave.
The fibonacci retracement only reached the 0.618 witch means we probably see an AB=CD pattern.
The RSI line already broke and retested the trend line.
I'm long on it, the take profit will be aroung the 1750$ area.
The wave 5 on Gold could may be reached along with maximum prices of the stock, ending the bull cycle witch kept over more than 10 years.
The fibonacci retracement only reached the 0.618 witch means we probably see an AB=CD pattern.
The RSI line already broke and retested the trend line.
I'm long on it, the take profit will be aroung the 1750$ area.
The wave 5 on Gold could may be reached along with maximum prices of the stock, ending the bull cycle witch kept over more than 10 years.