denot

NCM and the shazan cycle

ASX:NCM   NEWCREST MINING LIMITED
The shazan cycle?
what is it?
Quite simply, it's the ray of death when coming from the top down and it's salvation when it comes from the bottom up.

Ok, calm down, I explain. It is that 90% of the time, when we have a "V" (double attempt to keep going up), he showed that it will not keep going up, and in this case, we have a fall will usually be in 2 stages, falls breaking the minimum of "V", rises a little and falls again, breaking the new bottom. this is the deadly Shazan. See the blue line in chart from NCM .

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