DrStool Posted September 14, 2021 Report Share Posted September 14, 2021 Here's the 2 hour bar look. Strange. We're not used to seeing persistent downtrends that last for 8 days. Must have something to do with Sell Rosh Hashanah, Buy Yom Kippur. And lest we forget, it's that time of the month. Fed MBS settlement week. The last 2 days has that reverse headandshouldery look. Here's the 1 hour bars. Shows we're in a 5 day cycle up phase. Weak for sure, but could strengthen. The test will be at 4480. Conversely, the sport test would be at 4463. I have a preliminary 5 day cycle projection of 4500 if they break the downtrend. That's also where the next resistance lines are. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, for your educational reading: Nothing Has Happened Yet Useless Banking Indicators Except for One Giant Red Flag Gold’s Setup Has All Kinds of Potential Take the Threat of this Triple Whammy Seriously Now Link to comment Share on other sites More sharing options...
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