Thursday, March 15, 2012

GLD 5 min and 60 min comments

GLD - perhaps an inverse H&S is setting up? 

GLD - 60 min view, however as I stated last night, the 60 min chart needs a lot of work, perhaps it's forming a wedge, but wedge patterns have 5 waves or ABCDE, right now we only have 3, therefore a bounce may be wave D, then another down in E?

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