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quanticopious15

03/16/16 7:48 PM

#138353 RE: Heavyweight #138352

I think I'm good short term, but not so sure about overnight. In at the 61.8 and again at 78.6 for whatever pullback we see before I hit the pillow, but really struggling with whether I want to leave the positions to run all night. I think we have more news tonight affecting A/U too so that could hurry things along one direction or the other.

pennies2007

03/16/16 7:53 PM

#138355 RE: Heavyweight #138352

AU Monthly Chart

Ok Heavy, now that you've seen how the validated TDI IHS and H&S patterns work, let's take a look at that monthly chart again.

We have each of the components of the TDI IHS pattern in place and now a breakout of the neckline. We have 3 lower lows in price at each of the component peaks.

But, we haven't gotten a retest of the neckline yet. That retest is going to drive price back down hard and either form one more new low or a double bottom at the extreme low.

That key candle level of 0.7728 is still a possibility though after this next drop occurs.