Loading ...$HUI Daily
Is the triangle a 1/2 way pattern to the down side? Not saying the HUI is going to test 130, but it does looks like it could happen.
Boy, would that ever wring the bullishness out of us bugs! It would require composure, courage, and cash to buy at HUI 130.
Disclosure -I am flat the miners right now, except for select explorers.
Really nice chart. So clean.
That’s how EW is seeing it too.
Triangles are ALWAYS the next to last move ahead of the bigger reversal. (But no time soon here.)
In this case suggesting last summer’s highs marked beginning of ABC down. A to Dec.
B wave triangle is complete or nearly so.
C=A is a symmetry you often see. I’ll leave it to someone else to do that math.
130 seems ambitious, but I’m expecting weakness and soon.
Pedro – I don’t think you are looking at the correct degree of triangle. See my next post.