AU Comment:
Here is another reason to be suspicious that overall the MMs are, on EU and GU, bulls in bear clothing. AU falls into the same catagory as EU and GU. If EU and GU climb then there is reason for AU to climb, too. Now look at the H4 chart on AU. You will see the potential for an inverted H&S formation to come together. There is enough time this week for it to happen, for the formation to become a qualified inverted H&S. And next week provides the time for it to complete. So, maybe by the end of this week, this does become a valid formation. We will see whether or not it does. If it does, then that casts a lot of suspicion on the MM's bearish PA on EU and GU.
Admitedly, this is very speculative at this point because so much depends on upcoming price action. However, considering how market prices are manipulated, it certainly has enough merit to keep a watchful eye on it, espcially since only one day of full range will take price back to the neckline. And there are two days remaining this week.
-tah
Here is another reason to be suspicious that overall the MMs are, on EU and GU, bulls in bear clothing. AU falls into the same catagory as EU and GU. If EU and GU climb then there is reason for AU to climb, too. Now look at the H4 chart on AU. You will see the potential for an inverted H&S formation to come together. There is enough time this week for it to happen, for the formation to become a qualified inverted H&S. And next week provides the time for it to complete. So, maybe by the end of this week, this does become a valid formation. We will see whether or not it does. If it does, then that casts a lot of suspicion on the MM's bearish PA on EU and GU.
Admitedly, this is very speculative at this point because so much depends on upcoming price action. However, considering how market prices are manipulated, it certainly has enough merit to keep a watchful eye on it, espcially since only one day of full range will take price back to the neckline. And there are two days remaining this week.
-tah