STRATBTC

Sometimes you see these more rounded wave formations before a rally and its usually to get above a 100 moving average. Can also be accompanied by a cup and handle at the end and then it takes off. Just a hunch it doesn't always work out but some other indicators can help and in this case a positive MacD. We'll see. There's a big one playing out in GOLD right now since the beginning of the year. Kind of looks like 5 fingers. So if we see a cup formation play out soon on the gold chart XAUUSD and a good handle it might be worth buying a few contracts.