Loading ...GDX and GDXJ: Found Something Interesting…
I’ve found that parabolic rails fit pretty darn well and may be the true support and resistance now…
Turns out the darn thing has a name. Gabe shared this in the comments. This chart is from Sahara on Twitter: “Edward’s Funnel”. Never heard of it. Cool! 🙂 Here’s the image from the link Gabe shared below. My line fits to today’s action, so maybe more appropriate.
Editing again to add this at the end. I found this a couple weeks ago remember? Turns out it also is an “Edward’s funnel”. But it has broken down… Foretelling something?
I’ve noticed that parabolas often come into play as support and resistance. In a world of exponentially rising debt and money creation I suppose it shouldn’t be too surprising. Big question is which way will it break ?
GDX:GLD’s Edward’s Funnel has broken down. I wonder if it is telling us something?
That’s beautiful .
That’s why you are Parabolic Chuck
Lol. Thanks Fully 🙂
Just added the GDX:GLD chart from last week which is also the same shape.
From Sahara on twitter: Edwards Funnel
https://s17.postimg.org/56vrwo1b3/Edwards_Funnel.jpg
That’s awesome Gabe. I’m gonna add that to the post. Never heard of that before! Edward’s Funnel. Interesting. Thanks for sharing.
Sahara’s name is Edward, he named it.
That’s funny… Edward’s Funnel it shall forever be called.
Will you share mine with him?