Falling wedge breakout! With Gold at all time highs why are the miners on sale? Opportunity knocks…
Looks like support has held and a bullish falling wedge breakout would usher in a bull run.
5 waves up completed, or a bit more room to run then a 50-61.8% retreat for a buy?
If this inverse head and shoulders pattern plays out, expect another leg up to follow shortly thereafter. Not investing advice.
These chart formations have recently experienced breakouts. Not investing advice, but these are extremely bullish developments.
No breakout yet, this might be the year for Silver Miners. Falling wedge seen without a confirmation.
The breakout is bullish. This could be a fake out, if an end of trend major indecies setup plays out here or perhaps some black swan event leads to a parabolic blow off here.
2 potential Head and shoulders bottoms seen, a breakout coinciding with a break down in the major indecies will confirm a trend reversal.
Pattern recognition and Elliot wave count here seem to fit and complement one another. The rising wedges and broadening tops need to all break out one by one to confirm the top is in. A final thrust higher can’t be ruled out either.
This bearish count and chart pattern analysis back each other up. Will this be the sucker of all sucker rallies?
With 4400 breached the previous count gives way to this one. If we’re in an e wave of an ending diagonal/rising wedge wave B is in its final stages. There’s no guarantee the upper trendline is reached for the B wave as e waves can fall short. Anyhow when we enter the C wave and we might already be in C (early stages) a crash is expected to follow.
The we crash hard now scenario remains valid if we remain below 4400 and it looks like we’re about to turn down hard now as seen in my previous post.
Repeated bearish rising wedges seen. If one switches to 1min chart another rising wedge and H&S top breakout to the downside. The 1/2, 1/2, 1/2 series of moves previously posted for a wave count so far remains valid if this move remains caped at 4400. It’s still possible that the next leg of a crash is about to begin or is right now.
Three rising wedges seen hear on the past weeks move (15min charting). I Spy a sucker punch for the bulls soon.
Rising wedges are bearish, we’re seeing some crazy death throws playing out. Sharp reversal and an end to hopium is on its way.
The red count could just keep accelerating down now or a bounce to maximum the most recent high to remain valid. The blue alternate count could bring us much higher and could even retrace 100% the entire move from the late July top or even exceed it and remain valid but would be filled by renewed selling. Right now with short term bullish divergences the...
This assumes a 1.628 extension wave 3 compared to wave 1 marked in red for a potential bounce if this count plays out now.
Seen here are a series of 1,2 counts and if correct then this is the earliest stages of a crash which will begin to dawn on investors shortly with panic selling. The rising wedges are bearish signs. A shallow bounce perhaps tomorrow or with acceleration of the decline by days end or early next week?