Sell gold into 40wma, then buy with both hands.A touch of the 40wma as a shake out to resume the bull trend (as it has done so twice in this uptrend see yellow circles). Stochastics broke down, williams %R flirting with breaking down of support, pennant coiled on the weekly. Buy into 1800-1840 and target 2200-2400. No position.
Bill Williams Indicators
REGI DOUBLE BOTTOM PATTERNNASDAQ:REGI
REGI formed a nice double bottom pattern with buy point at 64.04. With green energy in focus due to the election and a a democratic administration excitement was about in stocks like REGI, PLUG and BE. However, investors and smart money know that these companies have not yet gone mainstream.
Concerning HARAMI candle - potential >6% decline before electionNOT ADVICE. DYOR.
3 Charts with last two examples
Construction: 1st Rule = Range of 2 Fractal LO with no Fractal HI in Between except a Rising Window 2nd Rule = Range of any 2 Fractal HI. What can we learn. Observe 2 Fractal HI thereafter & any Bearish Candlestick signal or drop <0 in Histogram.
EUR/USD Long AnalysisTricky trade this one as the 4hr chart was a bit messy this morning after a sudden drop last night. The 1hr flow was bullish, and liquidity was raided on both sides on London open.
I took the long off the 5 minute area of interest and retest of the structure, following the 1hr fractal high raid.
11 pip stop loss, half of position taken at 2R as my rules state. The rest of the trade is at SL and gunning for 3R :)
Trading Fractal level breakoutsThis is a modified version of Fractals that I made and how to use it. It's pretty straight-forward. Go long over the green levels and short under the red levels. An option that I didn't discuss in the video is the potential of a wider trailing stop for longer runs. I like to focus on the breakouts of just a few points as they happen very, very often.