The commodity is in a complex corrective structure after the initial impulse out of the previous structure, this is now starting to look more like a possible leading structure for an upside impulse which would be really exciting to ride!
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Commentaires
KVE
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Yes, I have been hoping for such a structure to form, possible leading diagonal wave 4 completion today... Good reversal on this Gartley so far...:
piphunters
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thanks for your view and good trading!
4thewin
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what about this 3 black crow pattern all inside the last green bar? I would think that is bearish. Also flags like this are not bullish. Bullish flags would point the other way on light volume. Please share your thoughts, thanks!
piphunters
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I would wait until the picture get more clear, either a break below would signal a sell or break up a buy, right now better stay out unless you are very aggressive.
4thewin
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im not aggressive, I am just holding positions i have bought throughout this year. So my hope is you are right that it will break up. On the GDX I think the correction is wave 4. The impulse will be wave 5. What do you think
piphunters
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it should go up but before that can come down too.
Good reversal on this Gartley so far...: