Loading ...THE WIZARD SEES A RARE BUT BULLISH PATTERN DEVELOPING IN PMs
RAMBUS WEEKEND REPORT
“I’ve been mentioning lately that I thought that many areas in the PM complex could be building out a potential bullish expanding falling wedge. This is a bullish pattern that few if any chartists actually look for. My experience with this pattern is that it often leads to a big move.
The reason this pattern is so bullish is because it is made up of lower highs and lower lows with the last low being extreme, catching all the sell/stops and scaring investors out of their positions. Once that happens there are no sellers left and the move reverses direction leaving those that sold into the decline sitting on the sidelines.”
https://rambus1.com/2022/07/31/weekend-report-bullish-expanding-falling-wedge/
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The reason this pattern is so bullish is because it is made up of lower highs and lower lows with the last low being extreme, catching all the sell/stops and scaring investors out of their positions. Once that happens there are no sellers left and the move reverses direction leaving those that sold into the decline sitting on the sidelines….Boom!