Gold's WolfeWave Pattern

Discussion in 'Technical Analysis' started by suriNotes, Jan 24, 2009.

  1. Here is Gold's WolfeWave pattern...

    Current breakout needs a follow through for b/o confirmation. WW Target is around $1000-$1050.

    Regards,
    Suri

    [​IMG]
     
  2. GLD Chart..

    Regards,
    Suri

    [​IMG]
     
  3. Karla.F

    Karla.F

    hello suri,

    are the lines drawn by hand or is this one of your indicators which draw and select the pivots automatic?

    regards
    karla
     
  4. Hi Karla,

    Thanks for your post.

    Currently it is drawn by hand. But I plan on building an Auto-WW drawing tool soon (in TS).

    Regards,
    Suri
     
  5. Karla.F

    Karla.F

    hi suri,

    no problem. i like most of your automated drawn lines. so i thought this was one of them.
    anyhow thanks for showing some of your charts.

    regards karla
     
  6. Gold (Daily) WolfeWave pattern update.

    Regards,
    Suri

    [​IMG]
     
  7. Looks like logical & accurate trendlines,Suri;
    the more gold short sellers the better, shorts help fuel the rally.

    Most of the trendlines,[including 200dma ,50, 20dma] all data ;
    are going up.

    1 year chart[ with out 200dma, 50, 20 dma ]does look bearish

    :cool:
     
  8. Karla.F

    Karla.F

    what i like is suri's measured move.
    guess that is an auto drawing tool.

    the only problem i see with gold is that gold is still below the midline of the channel.
    that's some kind of weekness.
    but at the moment the trend is up and there is nothing to do as checking the stop.

    karla

    ps hope it is ok to post this chart in your thread
     
  9. Do you guys actually trade based on those lines :eek:
     
  10. Hi Karla,

    Absolutely fine.. It is open to all.
    Pl. post your charts.

    Here is $XAU's ABC/Dragon Pattern...

    Regards,
    Suri


    [​IMG]
     
    #10     Feb 14, 2009