- 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.
18 October 2011
Gold : Daily Bear Flag Break
Labels:
COMMODITIES,
Core,
Gold
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1 comment:
Re-draw the lower triangle/wedge line each time downside momentum fades.
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