Loading ...Swiss Franc Bullish BO at Right shoulder
I see Swiss Franc as bullish as it can get. If gold has put the bottom last week or it is near major bottom Franc is showing the card. There a huge gap left open from 2011. Tops are always tested with lower volume.
You analyse the chart????
Thanks, Bikoo. Monday may be a pleasant day.
Hope so. We have been let down may times. Thats the way wave b of EW works- unpredictable???? Hard to invest in wave b compare to wave c .
It may pop but it is up against surmountable odds, that looks like a price action below a HUGE price channel built out over years and a wolfe wave pointing to a 11% decline, but who knows, maybe the upcoming emerging credit/currency crisis will be hugely bullish right from the start, but usually gold gets tossed also for the first little while. Cheers!!
https://invst.ly/8fkei
I have FXF topping around here, on a plain vanilla ABC from May.
If so, then Sam’s optimism that we bottom for PMs in a few weeks may be misplaced.
And Jensen is correct in his FAR more bearish outlook for PMs and everything non $.
Bikoo99
I have also been following XSF. On the daily chart it appears to have broken out after only 3 reversal points. At least five reversal points are needed to confirm a reversal pattern, unless of a double bottom. A double bottom requires a higher high to confirm, and so far that hasn’t happened. The oscillators do look awfully bullish, but so far no confirmation of a breakout Chartology wise. My suspicion is an incomplete pattern thus far. We’ll know soon.
Great chart though. Thanks.
Thanks SF. It has broken out from a small consol at the low. It may have bottomd???