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Posted On: 01/10/2017 6:18:31 PM
Post# of 75455
The Golden Cross pretty much fizzled....
But what is emerging is a cup and handle pattern, also referred to as an inverted Head and Shoulders pattern. If it plays out RMHB should run up to the .06 to .07 area....
Then all those who bought in at those levels in late Oct and early November, its reasonable to expect some to bail out, happy to get out even, that causes some added selling pressure which typically stalls the climb.....then if it plays out a handle forms on the pull back followed by a blue sky break out....
The Golden Cross broke down, and instead this pattern emerged....which is equally bullish.
But what is emerging is a cup and handle pattern, also referred to as an inverted Head and Shoulders pattern. If it plays out RMHB should run up to the .06 to .07 area....
Then all those who bought in at those levels in late Oct and early November, its reasonable to expect some to bail out, happy to get out even, that causes some added selling pressure which typically stalls the climb.....then if it plays out a handle forms on the pull back followed by a blue sky break out....
The Golden Cross broke down, and instead this pattern emerged....which is equally bullish.
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