You may recall my analysis of the 1907 Copper bear market. It is a great example of a Phase III mid-point Bearish Falling Wedge. It serves as a good example of what is likely happening now in this PM bear market. Its a great analog. Now most gold followers are identifying this as a bull flag or bullish wedge. They all point to the many indicators that would justify a rally here. Stochastics, MACD, RSI on and on. But the value of this site is that of trying to be objective. Of course none of us know for sure but here is a great real world example of a Bearish falling Wedge in a Phase III. Could it be the Mid-Point? It sure was in September 1907.
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