China PMI 50.2, page-34

Actually Itchi, I think you said 3.7; based on the descending wedge formation (had a height of ~ 1.3 cents above the flat base line at 5.0c) and the break of support at 5c giving a projected target of 3.7. You said if it broke 5c, "3.7 here we come", or words to that effect. ... I looked it up last night after Mulac's post...
But, no matter! : )

It's not a competition TB... If I may say, you and I tend to guesstimate based on what we see, whereas I think Itchi does it more clinically and awaits "completion" of a pattern. I have over the years read many books on TA, but nonetheless I would be the first to admit I like to see it before it's happening - or more correctly, wait til there's stronger technical evidence that something is about to happen. I would happily accept this criticism of my approach.

Be that as it may(!!), let's all agree there's a great place for a TA's clinical view - enter Itchi, and yours (TB)and other's approach which includes some TA, fundamentals and enthusiasm(!). No one will ever be always right, no matter what. I personally think in many respects you're on the right track and I've said as much one way or the other on this site. But Itchi appears very well respected for his ability in TA - and that's a great feather in his cap, if correct... No point in trying to win every contest. The market will make a monkey out of anyone who tries it.

Eventually, nickel will go up and all things being equal and without mishap, POS will be the goods.

Cheers,

Kip