DislikedShe's forming a fractal at that 146+ level, right at top of rgitt's triangle ... let's see what's next.
Definitely a close well above the 4h gann and just now above the daily gann as well .. but I am sniffing something funny about this up move. However if she gets higher with any momentum, then she may be serious about this northbound express.
Keep scalping, karmo .. and keep 'em guessingIgnored
One thing I know about bear rallies is that they are impulsive. The pros want to sell this thing higher for the ultimate market crash ... the higher they can get it the better value they are paying. This week , with low liquidity in the markets would be the best week to manipulate price up into the lower 150s
The interesting thing is that the UJ is driven by the stock markets , where as the GU not so much. If one looks at the DX ( usd index) we have been forming a top off 88 the usd should get a bit weaker this week , taking Gu and hence GJ higher.
I think we may see some form of retracement of the major down move , maybe even to the 38% fib reatracement on the daily at 160.
I would be interested to see a posting of the a daily chart with gann on it
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