aurum…
Anything is possible but these little flags are some very powerful patterns and show up about halfway in a strong move. The RSI and MACD will find a way to stay oversold on the HUI and overbought on the dollar until the 2nd half of the move plays out. At that point a reversal in direction, with a divergence, will confirm the move is over IMHO. If these little patterns, flag HUI, rising wedge dollar, play out we should waste little time getting started. That will be our cue. If we keep backing and filling and not make a strong move soon that would throw these little patterns into question for me. The HUI has not broken out yet whereas the dollars has, so we are almost there. Stay tuned the game is getting interesting.
All the best…Rambus
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