SamAbrams

SamAbrams

Harvey normal showing a bearish long term rising wedge formation. It will break to the downside. This is confirmed by bearish divergence on 3 month RSI and MACD.

SamAbrams

Gold is bearish in the near term as it is in a long rising wedge pattern with negative divergence on the 3 monthly RSI over longer timeframe. It will fall back to the longer term trendline at 750 dollars before the bull market resumes.

SamAbrams

There is a triple negative divergence with BHP and the RSI and Stochastic RSI on the 3 monthly timeframe. BHP is forming a long term rising wedge on the log charts. We should get a reversal to the downside before the move up.