More on GLD

Yesterday we had a bearish bear flag the entire afternoon in GLD. Being what you know about the market's false breakouts, which way would an obvious 4 hour long pattern be expected to break out? If you said up, you'd be right.

Only 1 problem...

Both the regular yellow 3C and the very long blue are both in negative 1 min divergences.

You know what a negative divergence looks like so I don't need to post 5 more charts, the 5, 10, 15, 30 and 60 are also all in negative divergences. This alignment is usually a pretty good timing signal, although if you were to tae action, you must do it slowly, ultimately price confirmation is the final say.