break of 50dma and downtrend, page-52

oh dear here is one in 2006 and it broke to the upside :)

You better tell Colin Twiggs to rewrite his manual he has this to say about a Descending Triangle....as far as I know Gold is in an uptrend :)


""Descending Triangle

Descending triangles form with equal lows and lower highs. A bearish signal, the pattern is normally observed as a continuation pattern in a down-trend but can be a powerful reversal signal when encountered in an up-trend.""


how does it go...

""Now if you are going to post something, get it right.""