DU
Duane
Rep: 100
Posts: 1,095
I know that the day is early, however this bar is a serious buy. Double tap on the forks, previous support, and a whole lot of buying going on, Today's bar is already engulfed the previous 10 days. If you are not in already, I would consider any ABCD a buying opportunity.
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RA
rat89
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Posts: 7,015
gdx and nem as of the close Friday:
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DU
Duane
Rep: 100
Posts: 1,095
Great charts Rat, Marcin. Not far from your 1.28 on the pound, looks like a good sell opportunity. Rat, I hear what you are saying about the dollar, the index looks bullish, but that was one hell of a bar, usually implies follow thru, however median lines may be resistance, thanks for the heads up! Does not fit the criteria of an expanded ABCD so I will keep an eye on it.
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RA
rat89
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Posts: 7,015
a beauty
Originally posted by Duane
This would be really fun !!
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AL
albert
Rep: 99
Posts: 3,094
NEM on the 1 minute. 0.886 fibo but no gap.
Al
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Al
RA
rat89
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Posts: 7,015
did gdx bottom? Not sure. Sure looks like a wave major [4] triangle so far:
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AL
albert
Rep: 99
Posts: 3,094
Originally posted by Duane
Originally posted by albert
NEM on the 5 minute TF. After the open, it looked like NEM met resistance at the 8 and 20 mas, on the 1 minute. and on the 5 min TF, resistance at the 34 and the 200. Note Bearish 50 X 200.
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Al
Nice trade Albert
Duane,
Thanks. Actually I did not trade that one, darn it. I thought the chart showed some of the things that I look for when trading. I am trying to move my 20/20 hindsight to foresight. : )
Al