Someone posted a chart on HL recently, and it reminded me to take a closer look.\u00a0 I focus mainly on futures, but I’m starting to accumulate Jan ’19 calls on HL, a strategy which turned out to be a 20-bagger for me during the baby bull run in 2016.<\/p>\n
If any are familiar with my charts, I am a big proponent of “time” analysis, especially with regard to Fibonacci.\u00a0 In the daily chart below for HL, we can observe via the (light grey) Fibonacci Arc how HL has put in its time grinding sideways since peaking in late 2016.<\/p>\n
More importantly for me – is the Bollinger Band Width indicator – which recently made a major low, reflecting a “tightly coiled spring” that indicates the mind-numbing sideways price action is coming to an end soon and an accelerated breakout trend (up or down) is imminent…<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":" Someone posted a chart on HL recently, and it reminded me to take a closer look.\u00a0 I focus mainly on futures, but I’m starting to accumulate Jan ’19 calls on HL, a strategy which turned out to be a 20-bagger … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2017\/10\/HL-Daily.png\")
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