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Sure looks as if a BULL FLAG is being formed…
Stoch curling back up at 50 is MOST BULLISH…
RIC…
RSI 5 trend line was BEAR breached; However, it’s heading back up to test the trend line…
RSI 14 is bouncing off trend line which is bullish…
Today’s price action bounced off the 13 EMA which is bullish…
So, what I am watching is the back test of the RSI 5 trend line–does it BEAR bounce back down or BULL penetrate the trend line.
So there you have it, at this point and time, it’s a toss up…
I would tend to agree here ES. I would even go so far as thinking that it can be a halfway pattern.
https://goldtadise.com/?p=391944
Jury’s still out. HUI has closed (more or less) at the days highs, but still jammed under the 200wma.
KISS thanks Northstar
amazing, I hope it is a bull flag!
Yes it is a Bull Flag. See my 2nd chart in this post. Perhaps we just chop in the flag for a time based TC Low.
https://surfcity.co/2017/01/12/gold-trading-cycle/
A bull flag formation right above the 13/34 EMA and 50 SMA coupled with a cross screams out and up…