looks like an inverted cup pattern so I expect a price correction to lower levels
The first phase of the growth of the gold, barely visible, met with 66% growth rate & there was 34% correction time thereafter the 2nd phase has met with 2323% growth after which the price was in the corrective phase for 21 years the 3rd phase of growth was just 668% & it has ended & has entered a corrective phase that will last for another 13 years of...
steel has done more than 70% of price correction this correction was an anomaly that might have been due to corona virus epidemics I say so because price usually does not break through the red ichi cloud it is expected that the price enter a period of time correction in the form of any compression as you see in the weekly timeframe, the lower edge of the...
we expect this index to calm down and touch the floor of the compression otherwise the index will surpass the previous tops & in that case we can see more than 10 times the current value
the last green candle could touch dollar 20710 and the next annual candle could to higher as far as dollar 33250.
as we can see the first time price managed to pierce through the long line of dynamic base trendline it attempted to fill the gap. the move was done by a red candle with a small shadow below it. this was a very strong barve move. but for some reason the market could not bear the low price & it quickly bounced back upwards the next year. the second time price...
the last candle is an exhaustion one. meaning that the sellers are weakening. I expect a strong move up for the next annual candle. ther may be further little push down to touch the base trendline before the next big move.
every 2 moves up is followed by 2 moves down price had managed to pass above the descending dynamic trend line but then sumerged below it again and now we can see a small tail in the candle meaning that the correction may be over for this annual candle. the next candle could be a green one.