| Followers | 192 |
| Posts | 41494 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2007 |
Wednesday, March 30, 2016 11:08:34 PM
Oh, you were talking about NU...I thought you meant AU.
BTW, that IHS pattern isn't valid. Remember the rules for a valid TDI IHS during a downtrend. Price has to make a new low at each of the 3 peaks for the left shoulder, head, and right shoulder. Then when the neckline breaks, price has to make one final new low or at least a double bottom.
Anything else is a false pattern.
NU Daily TDI count is a bit odd with this sideways TDI pattern. 4 hour chart though shows a nice channel formed here.
4 hour NU chart...
BTW, that IHS pattern isn't valid. Remember the rules for a valid TDI IHS during a downtrend. Price has to make a new low at each of the 3 peaks for the left shoulder, head, and right shoulder. Then when the neckline breaks, price has to make one final new low or at least a double bottom.
Anything else is a false pattern.
NU Daily TDI count is a bit odd with this sideways TDI pattern. 4 hour chart though shows a nice channel formed here.
4 hour NU chart...
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
