Fullgoldcrown you don’t ever have to be so bold as to ask me a question. If you don’t understand something or are a bit confused about some TA that I have posted please feel free to ask me to explain. I hope we are on the same team fgc and teammates are supposed to be there for each other to help make it to the championship round. I for one wish we could all play this game as a finely tuned team as we have some superstars amongst us that could contribute much more to the overall level of our play.
Below are some different looks for our rising wedge formation that has been in the making for sometime now. The 1st two charts are line charts of the HUI and the XAU that I think will answer your question as to the spike low vs the closing low.
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The next 2 charts are the original bullish rising wedges on the HUI and the XAU complete with the false breakout through the top. The bottom of the these rising wedges are higher than the August low.
All the best to you fgc…Rambus
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