excellent chart, puma. As you pointed out, it's at the end
of the wedge and dropping, all the indicators have negative
divergence, have moved lower as the price moved higher, and the
RSI, MACD, and both long and short term slow stochastics seem to be
rolling over with price and heading down.
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It's all lining up...
Gold Chart -- Wedge and Engulfing candles
Posted by sonia on 21st of May 2010 at 02:36 pm
excellent chart, puma. As you pointed out, it's at the end of the wedge and dropping, all the indicators have negative divergence, have moved lower as the price moved higher, and the RSI, MACD, and both long and short term slow stochastics seem to be rolling over with price and heading down.