Rambus on CDNX
Below is a 2 year daily chart for the CDNX which is showing us how important today’s move is. A touch of the top rail will complete the 4th reversal point within the year and a half flat top or ascending triangle. The odds will be very high that if the price action takes out the top rail of the flat top triangle that it will be a halfway pattern to the upside. Note how steep the last impulse leg looked on the left hand side of the chart.
Tonight I will do an in depth report on the PM complex as things are starting to get interesting.
…………………………
Halfway Pattern !!
in the Rocks !!
Goosebumps
Pass the bong
As you say, things are getting interesting now. I’ll be posting my thoughts soon, now that the December low is in the rear view mirror. My expectations haven’t changed though, it seems to be following the script quite nicely.