We have to wait price to form a decent price structure.
1- Bounce from PRZ
2- Fast move under our level " Local HIGH"
Note
Bulls Power Point represent a fuel for a momentum which we have right now.When Price will come under the 3rd Bulls Power Point, most likely momentum will change ( at least in short term period) .
The first target will be a Second Bulls Power, if price goes below and set there for sometime ( not the false break-out),
It means that area between 3rd and 2nd Bulls Power Point are massive short zone
After This logic i start to look at PRICE ACTION in Price Structure
Note
Note
Gold's Bulls faced a problems on Weekly Momentum level.It's first sign for our Potential Point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.