FAILED TO ACCOMPLISH THE TRADE

02/12/2014: Follow up

I had the right idea but I did not discern the Triangle so I have missed the trade

In my humble opinion the thrust following the triangle is a wave (A) within a Double Zig Zag

The measured target is at 1321

S/T is overbought (2 consecutive trading days above the upper BB) hence the risk of a pullback is high.

YG DAILY

02/04/2014

PENDING TRADE

Reason: The corrective decline from the January 27 high is suggesting that price from the December 31 low will ufold a Zig Zag, hence the current pullback is the wave (B) which will be followed by the wave (C) higher concluding the assumed Zig Zag

Requirements: Since I don´t know which corrective pattern is in progress (Zig Zag, Double Zig Zag, Flat or Triangle), I don´t want to see an eod print below 1231. For the time being I am monitoring the price behaviour.

YG DAILY

If price is unfolding a Double Zig Zag maybe it could be foming a Bullish Flag

YG 60 MIN

If I am able to detect a reversal pattern I will go long UGL (2 x Long Gold ETF)

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