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I hope you're right but we bounced off the Kijun Sen (maroon...

  1. ProCapitalism
    5,789 Posts.
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    02/09/18
    22:18
    Post #: 35361218
    I hope you're right but we bounced off the Kijun Sen (maroon line) last week which is considered bearish. The arrows show every time GXY has bounced off the Kijun Sen she has turned bearish.

    I think we will make a new low for the year on Monday before recovering towards the end of the day.

    I hope I'm wrong.

    The long term trendline could provide support & the descending wedge pattern (bullish pattern) is still in play.

    02 09 18.PNG
    Last edited by ProCapitalism: 02/09/18
    GXY Price at posting: $2.73 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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