ABX (TSX) formed a bullish flag. Extend Fib. from low of the flag pole to the high of the flag. The target is a measured move of 100%.A second trade was possible when price retraced back to the ORH, tested but held on a closing basis. The bar by bar shakeout ends with a bullish engulfing, hammer-like stick which foreshadows a retracement. Once price broke above the round $ number, it retraced back to the 50% level.
2 comments:
Clean trade. All the gold and silvers popped at the open.
Yeah, missed AEM which was the best one on my WL, but happy with the ABX trade.
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