HUI Pattern Emergence
The Longer you study a pattern ….the more Mr. Market reveals his intentions
PMs Caught our collective attention back in Jan 2016 and went on a blast off , the likes of which we have rarely seen….from an obscene low of 100 HUI said NO MAS and shot up like a NK Nuke for the first half of 16…only to fizzle and flame out in the last half of 16…Then a more tame bounce in Jan 2017 and smaller and smaller reversals until we reach our present time and price.
This chart sums up all the action and lack thereof for the past almost 2 years
The Black Wedge of Indecision has formed right on the Red Triangle Apex.
Mr. market is a sneaky old bugger….but we are on to him now….which way will this break and when ?
The move when ever it happens ..should be strong with this kind of coiling !
pass the Popcorn.