👁️ Visualise the 👑 Gold Rally 🏆 of Feb 2002
📊 Technical Analysis 📈 of the profitable 🏆 Gold Uptrend 📈 during February 2002 which occurred after a W Bottom or Bullish Ascending Double Bottom Chart Pattern on 8th February 2002.
by Charles Adams
1) As It Happened: The 🍑 W Bottom 🇼 Pattern of 8th February 2002
On 8th February 2002 a bullish ascending double bottom or W chart pattern occurred in Gold:
Fig.1: W Bottom Pattern in Gold.
Kindly Click to Enlarge the High-Quality Sector Rotation Chart.
2) Aftermath of the W Bottom Pattern: A 🐂 Bullish Uptrend 📈
As is often the case after bullish ascending double bottom patterns, the price of gold then exhibited a clear and profitable uptrend, exemplifying the sheer power of this setup:
Fig.2: Uptrend in Gold.
Kindly Click to Enlarge the High-Quality Sector Rotation Chart.