Goldtent TA Paradise

One FUGLY looking Candle

1. Optional says:

   November 9, 2016 - 3:42 pm at 3:42 pm

   Too much wick, not enough wax.

2. Optional says:

   November 9, 2016 - 3:43 pm at 3:43 pm

   How about a waxless wick.

3. Optional says:

   November 9, 2016 - 3:47 pm at 3:47 pm

   How about a hanging yoyo.

   If none of these are good, Im blaming it on the whisky.

   • DaveintheUK says:

     November 9, 2016 - 3:59 pm at 3:59 pm

     Hanging yoyo – might be perfect since it is ending bearishly today.

4. DaveintheUK says:

   November 9, 2016 - 4:00 pm at 4:00 pm

   All the action in the middle of that chart looks very similar to an island top.

5. silver fox says:

   November 9, 2016 - 4:11 pm at 4:11 pm

   Was doing some research on that. Looks like a shooting star bearish candle, needs to close lower tomorrow to confirm. Question is, is it a shooting star if it occurs other that at the top of a move? Not sure.

   • DaveintheUK says:

     November 9, 2016 - 4:53 pm at 4:53 pm

     If in a downtrend it gets renamed an inverted hammer, not quite as elegant a name. It is in a downtrend here. Actually it looks more like a meteorite, a fireball or a Tunguska Event candle. If it is a Tunguska candle, gold will crater. 🙂

     https://forecastcity.com/en/node/235
     Daily Trading Opportunity: Forming a Shooting Star in the price
     I had in mind Charts 3 and 4. Also Chart 5, because the shooting star / inverted hammer is in a resistance area failing to stay above $1308.

     • silver fox says:

       November 9, 2016 - 5:08 pm at 5:08 pm

       Tunguska candle? Brilliantly named. Thanks.

6. Gabe says:

   November 9, 2016 - 4:32 pm at 4:32 pm

   It is a VAYLBWASIC …

   Vote all you like, but we are still in control.

7. Fullgoldcrown says:

   November 9, 2016 - 4:57 pm at 4:57 pm

   It will forever live in infamy know as the Trump’s Dump Candle

8. DaveintheUK says:

   November 9, 2016 - 5:13 pm at 5:13 pm

   It could also be one of those Pinnochio candles poking its long nose above resistance, in this case above $1300ish.

   Fresnillo (silver miner but has gold too) is up 10% today in the London Stock Exchange, with gold basically flat as of London close, basically gapped up at the opening and kept about 80%-90% of its gains at the close.

   Thus Fresnillo:gold ratio jumped up as on the Brexit but not as much. I like to look at this to see if I ‘believe’ the gold move. For me that action is bullish (kind of) but gold’s recent strength over the past couple of weeks was not confirmed by this stock mat the time. The jury is out.

   http://stockcharts.com/h-sc/ui?s=fres.l:$GOLD&p=M&st=2015-08-04&en=2016-11-09&id=p02097917506&a=312811263

9. Optional says:

   November 9, 2016 - 5:42 pm at 5:42 pm

   Tunguska candles a good one Dave! Another name I was thinking about was “Slid Hammer” Mostly because the ponder camp back to where it started from. A slide hammers a real tool used in many different industries.

10. Jim says:

    November 9, 2016 - 7:23 pm at 7:23 pm

    Barf….bump and run formation

11. Tbone says:

    November 9, 2016 - 8:19 pm at 8:19 pm

    Hillary’s finger.. Hillary gives us the finger as she says good bye.

12. pedro_deleon says:

    November 9, 2016 - 9:02 pm at 9:02 pm

    Of course “we” do. c of 2 of C
    Large A was drop off July highs. B was the triangle that followed.
    Now in C. Initial decline out of triangle completed for 1. Now abc for 2 up done (at last night’s top)
    Now in 3 down of C down, where C will be a multi week decline into final retrace lows. Late Decemberish, perhaps. Buckle up.

13. Argentaurus says:

    November 10, 2016 - 12:48 am at 12:48 am

    What about “fucking annoying”?