Not disputing the fact and fundamentally I certainly agree. Just showing both sides of the spectrum, as ignoring indicators can be a good way to lose money.
I have some wiggle room on NAE as I got on early and have traded it a few times, so I'm willing to hold what I have now for the Medium term.
Today surprised me though, thought the pennant would break upwards a not down. I still believe holding .027 is crucial otherwise it may trigger a further short term sell off.
NAE Chart, page-766
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