[MalcolmSm1th]

Would the initial breakout be the one before the end of November last year?



If I may make a comment or two? Whist that is a breakout of sorts it's rather close to higher values which were in April of the same year. And before that in March there is a higher set of prices and so on and so forth until about April 2012.

What is happening is that each time you are matching one of these peaks then those who got in at these prices are getting out 'at evens' so the price tends to fall again.

At the moment the price is still trying to get past those who got in May of last year.

My screen gotes back until March 2011, this was on recommendation of ISATRADER here who explained that three years back is enough of a window to see the higher highs. In this screenshot above one can see that there is a highest high of about 400 US Cents. That is the figure which the price really has to pass before this can be considered a 'breakout'.

This is, of course, my own viewpoint on the matter and I could well be easily wrong.

- Malc