Great report. I like the “assurance” stated in the third line from the end.
Question: In the third chart down, $Gold monthly, there are 2 expanding falling wedges. Black and blue. Is the black expanding falling wedge considered to be the more dominate of the two wedges? If so, is it because its the older of the two? Thanks
Great report. I like the “assurance” stated in the third line from the end.
Question: In the third chart down, $Gold monthly, there are 2 expanding falling wedges. Black and blue. Is the black expanding falling wedge considered to be the more dominate of the two wedges? If so, is it because its the older of the two? Thanks
Good Question Rook
They are both valid and neither one needs to be dominant.
It is a monthly
The Black has been broken …Up
But the Blue is not…..thus we have initial confirmation only…more work to be done
If the blue is broken that’s a stronger confirmation the bull is on
Price will likely ping pong now between the two
If it then breaks thru the blue….woohoo
but if it breaks back into the black….boohoo…False breakout !!
Thank you for the explanation.