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1,266 Posts.

104

19/11/20

18:40

Post #: 48999809
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Originally posted by Darkstone: ↑

I am expecting it to retrace about now to between 160 to 167. Starting either today or tomorrow. I will tighten that target when I can see the retrace happening. Then it will take off again probably to around 220, but it is too early to say the next up target yet. 184 was my previous prediction which is where we are now. Sell side is not yet strong enough to trigger the retrace, so it may go a little higher. There is no room left in the RSI, but there is always the chance of a white swan. There is still a little room in the daily climbing wedge, but the range extends all the way down to 173 today. Tomorrow the range low is around 176, it needs to break that for the retrace to be started. We have had too many green candles in a row, there has to be a red one soon and that will be where the risk of retrace starting will be measured.

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Thanks for the entertainment.
I’d enjoy it less if we were trending down.
”There have been so many blacks on the roulette - surely they’ll be a red one soon”

GXY Price at posting: $1.81 Sentiment: Hold Disclosure: Held
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0 Great analysis

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