Rodger it looks like a H&S pattern but for it to be valid it
would need to break and back test the neckline. This would also
negate my buy trigger on my channel I showed earlier and it
would break the 200 ma. at 23.42, major support.
The big reason why I don't think the H&S will be valided is
GDX is very over brought and nearing a retest of its channel line.
So bottom line, price will need to find support on the channel line
before I buy with divergences in place.
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DUST
Posted by amcap on 18th of Dec 2014 at 04:38 pm
SORRY IT'S THE END OF THE DAY. HERE'S THE CORRECT CHART. http://scharts.co/1sEqSl7
does the chart look like a H & S ???
Posted by profitwinner on 18th of Dec 2014 at 04:51 pm
Profitwinner
Posted by amcap on 18th of Dec 2014 at 04:56 pm
Kind of a sloppy one maybe but it fits the channel good.
what's this resemble
Posted by roger on 18th of Dec 2014 at 06:11 pm
daily
DUST POTENTIAL H&S PATTERN
Posted by amcap on 19th of Dec 2014 at 02:00 am
Rodger it looks like a H&S pattern but for it to be valid it would need to break and back test the neckline. This would also negate my buy trigger on my channel I showed earlier and it would break the 200 ma. at 23.42, major support.
The big reason why I don't think the H&S will be valided is GDX is very over brought and nearing a retest of its channel line. So bottom line, price will need to find support on the channel line before I buy with divergences in place.