D FENCE
I know I know…False breakout….right ?
Direct Fib Hit ! Amazing how often these Fibs work out.
Anyhow….we need a bounce tomorrow
I have been on defence with a HGD hedge ….doesn’t always work out
Good trading
Fully
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Mathematics can be amazing ! A rapid turnaround would be nice.
Looks like your bearish take is spot on. Przemyslaw Radomski is also extremely bearish – he’s seeing the most bearish setup EVER in the current market. And Jeff Kern, who has a really odd system, but one he’s back tested over 40 years of prices is also looking for a major selloff. Well, that would be about right for the PMs – break a 7 year trend and then crush the market by reversing deeply, then rebound big-time. Maybe TA really is useless in a small, thinly traded market like the gold stocks.
Gather Yourself Sir PT
TA in the Gold market tends to be better than in most markets IMO
Its the Emotions that are “useless” not the TA
But Unless you are Spock Like you’re doomed to fits of emotional trading
….we all ( goldophiles) tend to be overly emotional and impatient.
All we can do is take a look at the charts rationally. Trying not to get too emotionally Invested .
The real pattern has yet to reveal itself.