Replies to post #138875 on Simple's Green Room

[pennies2007]

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...