Just something to ponder
Just an unpopular possibility. Backtest of the upper trend line around 1100
GDX to 16-17 to complete the right shoulder of the IHS
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Hey pk, long time no see. Miss you over at rambus. I have this exact thing drawn too, wondering if it is the dominant pattern. This wedge is kind of sneaky and I don’t really see it plastered all over the net unlike the bigger obvious wedge that I’ve seen drawn 10 different ways. Take care
Hi Schism. I bet I am missing some great chart work at the Rambus forum. I was spending too much time in there ha… but might have to go back at some point. If this H&S pattern breaks down then I think it’s a real possibility that we drop to 1100. Wedges are my favorite pattern to trade and the dollar actually just popped out of one as well which gives me more confidence of the potential of it playing out that way. Hope all is well.