Wednesday, April 6, 2011

Three Peaks and Domed House Formation II

Although it is rarely seen, the TP&DH is a fascinating formation to watch potentially unfold. Gold is possibly forming such a classic pattern. The next 3-4 weeks will be entertaining to watch unfold. Next task--find an energy point that may terminate short term and intermediate cycles concurrently. (point 23 or 25)
Sand Spring Advisors LLC has an excellent description of the technical formation

4 comments:

Ai Shiang 水 said...

Wow! This looks like up up and away! Even AUD is going up like infinity.

Is this going to create one of those the higher you go the harder you fall kinda thing?

Ai Shiang 水 said...

By the way, very neat blog!

Fibocycle said...

The Three Peaks and a Domed House formation is very rare but warrants one's attention since if it forms correctly a decline usually follows. A sustained rally from $1470 would negate the formation and the chances of a quick and large decline becomes significantly less.

gwg said...

Seems to me there still may be a possibility of this pattern but 21-23 might be extended upside...