This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
The gravestone doji at the angle intersection last week was a warning that the trend would reverse
Here is another,simpler (ie more obvious) price/time squaring than in my Ftse examples.Silver reversed after running 9 points in 90 days.
Monthly Gann angles. Below the declining 20x1
Hmmmm We overshot 720 at the low and overshot 1440 at the high butseems as though Gann's numbers are in charge.The last rally effectively came off 1080
Bearish inverted hammer.The US was weaker after London's close so we will probably open lower on Monday.The price/time setups I posted earlier,plus the LH below a double top setup,and more besides,suggest a sharp decline is possibe
We broke down below the 618 retracement on Friday and the dollar showed all round strength,which supports the argument for a stocks correction.The next cycle to watch in the squence would be 10 months