Loading ...HUI 2 Hour Chart
I have been watching and Playing this with risk capitol ( HGU.TO and HGD.TO)
Perfect Chartology So Far
I often see this perfect Chartology on 2 Hour Time Frames
Here is a possible scenario
UPDATE
Using THE HUI DAILY there is a Doomsday Scenario I need to point out
Me ? Still Holding Spock Rocks and trading the wiggles so far with some success
Best to be Flat in the trading account for NFP and it literally could go either way
Personally I expect HUI 200 to be a bottom for this Consolidation …Rambus has an amazing chart ( for Subscribers)
showing the previous 10 Consolidations ( including some upward and some downward) all have the exact same % moves
HUI 200 would make it 11 !
Does Trader Dan have any clue on NFP?
NO…He never ever speculates on Govt Reports…Go Flat !
Personally, I think it’s more likely to continue upwards after making that 2nd shoulder then consolidating (on the daily). So 200 would be the buy. I’ve been scaling in the last 2wk. Will keep scaling.
your scenario looks plausible and good to me. Great charting. My compliment.
Fully, I think your first scenario is spot on….It would have allowed enough time for this correction to unfold.