A few weeks back, it seemed I had stumbled upon some kind of holy grail in the form of sinewaves. Sadly, wouldn’t you know it, that the history of sinewave-compliance was ready to be dead and buried. Check out the three charts below……….
It seems that all three of these have utterly defied the pattern. One, and only one, is still intact, and frankly if it crosses above its price gap at 61.06, I’d say this one is toast as well.