TRUMPS FIRST WEEK
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two ways to measure the move of an inverse head and shoulders
which resolve to the upside 98% of the time.
http://www.forex-tribe.com/Reverse-Head-And-Shoulders.php
Moral of the story….stalk the right shoulder.
Because the third times the charm.
Or, view every bear flag formation as a potential left shoulder and stalk the head area for an even better entry.
(this area usually shows some positive divergence for the first time)
our pullback targets around $29 are the same. Again, there is more than one way to skin a cat.
positive divergence in the head area
https://stockcharts.com/h-sc/ui?s=GDXJ&p=M&b=3&g=5&id=p91822717909&a=464935828&r=1466909288230&cmd=print
Not sure on the timeline, will GDXJ stay in rage 42-29 range over next 1 year, I doubt based on global uncertainties.
Moral of the story….stalk the right shoulder.
Because the third times the charm.
Or, view every bear flag formation as a potential left shoulder and stalk the head area for an even better entry.
(this area usually shows some positive divergence for the first time)
our pullback targets around $29 are the same. Again, there is more than one way to skin a cat.
positive divergence in the head area
https://stockcharts.com/h-sc/ui?s=GDXJ&p=M&b=3&g=5&id=p91822717909&a=464935828&r=1466909288230&cmd=print
Not sure on the timeline, will GDXJ stay in rage 42-29 range over next 1 year, I doubt based on global uncertainties.