Following the negative trend in Gold the HUI index has lost 27% within 2 months approx.
It has left the negative trend channel to the bottom, forming a new and tighter trend channel (red). But also this pattern has been broken.
And now the index has entered a diamond pattern, which is a reversal pattern.
As Gold and Silver also are signalling more strengt, it is possible that the HUI will have seen its low and we´re in front of a new rally.
The indicators RSI and MACD are also turning, confirming the possibility of a new and positive trend.
If the index breaks out the diamond pattern to the top the next aim should be the swing trend line at ~ 160$, which is also the lower limit of the longer negative trend channel. This will be a stronger resistance and it has to be broken if Silver shall continue to rise.
EW: If this has been the low of the last move, it would be the turning point C of an ABC-correction wave.
This is no trading advice!
It has left the negative trend channel to the bottom, forming a new and tighter trend channel (red). But also this pattern has been broken.
And now the index has entered a diamond pattern, which is a reversal pattern.
As Gold and Silver also are signalling more strengt, it is possible that the HUI will have seen its low and we´re in front of a new rally.
The indicators RSI and MACD are also turning, confirming the possibility of a new and positive trend.
If the index breaks out the diamond pattern to the top the next aim should be the swing trend line at ~ 160$, which is also the lower limit of the longer negative trend channel. This will be a stronger resistance and it has to be broken if Silver shall continue to rise.
EW: If this has been the low of the last move, it would be the turning point C of an ABC-correction wave.
This is no trading advice!
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.