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| This pattern for the gold stocks index might be a Right-Angled Broadening Formation - Ascending (RABFA). The bad news is that breakdowns below the horizontal support line occur two-thirds of the time. If this happens, we could target around 355 as a possible bottom. On the other hand, 33% of the time, an upward breakout occurs. In baseball, a .333 batting average is outstanding. For more information on this chart pattern, please visit Thomas Bulkowski. |
Gold Bugs RABFA
