Rambus/ all
Here is the post from last friday, note the reference to the fractal on the second chart.This is what I fondly refer to as the “tltf” (trend line toilet flush)
This bad tick down could be a failed attempt by tptb to do a tltf because it went right to that hs neckline.
I sincerely hope it is!
“Here is another look at the xau:gold with that hui ppo. In 8 yrs this level has never had a bad correction, not that it cant happen, maybe something has changed? We have been correcting since the Oct high per xau:gold(6 months) Similar to Nov 2001 and 2005 per the yellow highlights but the glaring difference is hui has not been falling during the current 6 month period of xau:gold correction due to the relative strength of gold. So does this reinforce the thought of hui being in a bullish rising channel? I dont know maybe, mind you I am still concerned about the ihs neckline in pog that hasnt been tested at 728.
Ps now talk about yer fractals look at the hs neckline through 62.88 starting in late august,it broke through with that tall red candle in November but did not even come close to the po and this is why ta can be dangerous sometimes imho.
Note-dont forget to look at what happened to hui after the false brekdown of the hs shown in chart 2
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