HUI Falling Wedge?
What’s up folks, it’s been a little bit…hope all is well with everyone. Looks like our favorite toys still suck. Been watching this possible falling wedge as a possibility but a long way to go getting there. I’ve seen various folks around the internet trying to call bottom already but I’m am super skeptical of that call. I don’t think a 2 year consolidation has resolved itself in 2 months…probably more pain to come but I expect a pop from the 2000 to 2015/16 trendline https://www.tradingview.com/x/faW3hhoh/ seen on second chart. I’m still watching last week of November and Feb 2019 for a possible bottom…shall see. Will refresh some of those charts.
Also look at this bearish kiss of the 2008 low- https://www.tradingview.com/x/wjI4Sgii/
Nice to see your work here again, Schism. Interesting probabilities presented in these charts. Worth watching. Thanks.
Thanks Fox, will try and pop in more often now that kids are back in school.
Wow….. Welcome back Sir Schism
That’s a provocative look…..as always
Thanks
Agree! Welcome back Schism! 🙂
Thanks Fully and Chuck
Good work Schism–follows some other macro perspectives I have been monitoring…AND so far has done very well with the DUST trade…
Thanks Eagle, good on you for the dust trade…I phucked it up but hoping for a deep pb in the 31 range. Maybe it wedges down into that zone.
https://www.tradingview.com/x/Z4pGMJIU/
Schism,
were you expecting the deep pullback to 31 DUST after “expect a pop from the 2000 to 2015/16 trendline” ?
Or from the current levels….DUST could hit 60 by the time gold hits that trendline.