SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on January 6, 2021
A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. The right should appears to be setting up now that should hold above the left shoulder at 174.47. A break above the neckline at 183.11 will confirm the pattern.
GLD 60-min chart:
This entry was posted on January 6, 2021 at 11:06 am and is filed under GLD. Tagged: Chart Pattern Recognition, Gold Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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