Prices are now in a three-week-old downtrend on the daily bar chart and the specter of a bearish double-top reversal pattern on the daily chart has resurfaced.
Some fresh near-term technical damage was inflicted Thursday to raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
But the bulls do not want to see follow-through selling pressure on Friday to produce a bearish weekly low close and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
No chart damage has occurred recently, but the bulls are still a bit worried about the specter of a bearish double-top reversal pattern forming on the daily bar chart, if gold prices show more losses this week.
No chart damage occurred Monday, but the bulls do not want to see good follow-through selling pressure on Tuesday that would likely produce some near-term technical damage and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
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However, good gains in the near term would begin to produce a bullish double-bottom reversal pattern on the daily bar chart.
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Copper bulls have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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Copper bulls still have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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The two almost equal lows and the volume pattern suggested that a double-bottom formation (points 1 and 2) might be forming.
But now that second-stage lines to the north have been proposed, the 'Y-shaped' pattern spells double-trouble for Staffordshire's politicians.
The chart pattern forming looks like a hopeful double bottom in which the August 9 lows are tested successfully.
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Hibernian manager Colin Calderwood made a double substitution in an attempt to change the pattern of play with Ian Murray and Colin Nish withdrawn and David Wotherspoon and David Stephens sent on.
Bulls have gained upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
Bulls have gained solid upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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That has produced significant near-term technical damage to also suggest a bearish double-top reversal pattern has formed on the daily bar chart.
Still, a bullish double-bottom reversal pattern may be forming on the daily bar chart.
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If there had been good follow-through selling pressure Thursday, then a bearish double-top reversal pattern would have been confirmed on the daily bar chart.
They know it, so attempts at major legislation have tended to crowd in the first two years hence stock returns on average have been more variable then. (For US stocks, but the pattern largely holds for global stocks.) There have been plenty of big double-digit positive years in years one and two, but the variability drags down the averages to 8% and 9% respectively.
Often times what appears to be a double top or bottom on the daily chart turns out to just be part of a continuation pattern.
This soundtrack mojo will only be applied to the cinema release of a film, so if a player recognizes the pattern, it will know it's not playing a legit copy, and shut down on the double.
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