Wedge formations such as this one seen in the Canadian dollar ETF are often resolved with a large move. The problem is that the move could be in either direction. Wait for the break before taking a position. You’ll miss the initial part of the move but that is better than taking a position ahead [...]

Gold and stocks are trading in patterns that are nearly perfectly inverse. Gold may be peaking and stocks may be making a bottom. If that turns out to be true, I would take it as a very positive sign for the economy and the stock market.