CEW Chartology
CEW ( the Emerging Market Currency ETF)…which is strongly co related positively with Gold
For the sake of comparison with Ranchida’s Fine EW and Gann Work
Here is what I see from a Chartology Perspective
First of all in any “language” this presently is a very ugly chart.
Head and Shoulder Top…with a large breakout gap , followed by a feeble retest attempt and now
crashing fast.
I do see todays reversal candle potentially…but still …would you buy this here ?
Yes, I am only trying to locate inflection points. The CEW and Aust $ may have reversed but pm stocks appear to have lower to go. FSM will probably hit target this week but still has to reverse and then retest so I don’t expect an established low for several weeks in the best case scenario