18 October 2011

Gold : Daily Bear Flag Break

  • Flag pole 1816-1534 = $282 length.
  • Downside break finally arrived today (?).
  • Break point 1676, which puts downside objective at 1394.
  • The break is a bit too near to the tip of the flag for my liking. Nevertheless, it seems to be occurring with reasonable downside momentum, which is more important.
  • Let's see how well this works. What I hope for is sustained downside momentum.

1 comment:

Taichiseal said...

Re-draw the lower triangle/wedge line each time downside momentum fades.