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Nice setup! Looks like she ain't done yet after all that price action. What a year for her....
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Setting up the weekend for next week on the charts.
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First drawn and published back in May. Soooo close....
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65K pushes to 67+K staying in the range. Then...can it go beyond??
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Ever since the run-up in March. Lowest trend-line is to allocate for those brief dips.
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Hmmmm...on the daily and especially with some of the swings lately....ahhhh gold. This week's CPI/PPI will show more!
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I draw too many lines sometimes. Sue me. -The orange lines I started after the first 2 tops hit for the channel. When I draw one, I clone it for the lower side, otherwise now we have triangles, wedges, flags, something else of a pattern. Past idea I published had it right off of that lower bounce for the rebound back up. -3 attempts since the 1st top of the run have failed to break and only came close. -The outside lines from the run are to connect a few dots for now. A true attempt at 74K in the next few weeks makes that either a bullish ascending triangle, or a bearish wedge back down. -The grey lines are just the even, in-between range. Basically can set general markers at 60K, 65K, and 70K right now the way it's been ranging.
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Might be the extreme low end of the channel, as that lower trend line can move up some, and then indicate a small "breakout" below it. Not bad so far given the recent halving...
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Just take it to the end of the channel why don't you with FOMC coming up...
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