the dollar index after decades of travelling in a wedge-like contraction has finally managed to rise out of it compared to that Gold has been ascending in a mirror form of price contraction in my opinion in the coming years, dollar gains strength and gold will follow a desending course the trendlines donot sit properly when seen as a screenshot but in the real...
the 3 red small circles that are depicted are situated in the 3 red cloud area and price has touched all the 3 areas it seems that it acts as magnet for the price for simplification purpose I have tracked the price with lines so the price has the potential to touch dollar 51
in the annual time-frame it seems that the price has made a double top pattern in the phase of the nanotechnology & the new industrial innovation I wonder how far could the price of the product rise in the face of the huge amount of destruction of the nature & inefficient wastage disposal
much can be talked about this if the rate oscillates in the drawn triangle, a triangle with a steady ceiling and a rising floor, it can be expected that the rate would finally emerge out od the roof. As you see the rate has risen from the low bottom of -2.5 in 1965 & for such a big jump in rate, there should be a very lengthy state of correction.
it looks like a horizontal diametric diamond pattern is evolving that is also a trend reversing pattern
it may take another 22 years for a major move on the part of silver as the last impulsove move was an anomalous one that has to be corrected intensively nature has its own ways of proceeding and if one tries to bypass that natureal process The Mother Nature will heal itself by itw own means
Much can be written about DJI and it is worth spending many hours analyzing it. The first arrowed green candle looks like an exhaustion candle but 40% of it consists of a body on the upper portion of it. And because of that demand seemed more and it pushed the index higher. The second arrowed candle is a typical exhaustion candle with a body that consist 15% of...
a double top pattern and the next 40% reduction in the price level this can then move to a triple top pattern and a major reduction or a HH formation based on a change in the pattern of usage of the products on the whole