Trendcloudtrading
Modern Day Gold RushWe have an extended trend on Gold right now. When will a deep pullback take place?
Let's take a closer look and see...
4 hour trend is extended, and the 1-hour trend has just been recalculated.
We are expecting the 1-hour trend to continue down to a level of demand located near the 100 SMA on the 4 hour chart.
Once we hit demand, then start looking for reversal patterns on the 15 min chart.
We should start seeing TrendCloud signals fire off when all 3 timeframes line up.
For more info on this strategy. Check out the link in my bio.
Don't miss out on the gold rush!
Crude Oil Trend FollowingCCI is above +100 on the 1 hour chart
We are at the beginning of the 1 hour trend and creating the 2nd wave.
Previous resistance is now becoming support.
We are also finding support at the 1 hour TrendCloud.
4 hour chart is also in an uptrend.
Trade entry at PDO
Let's see if we can catch this 1 hour trend for 5 waves.
Nice Setup on Crude Oil4 hour chart MACD is showing bearish divergence and also cycling down.
1 hour chart is in a downtrend and CCI is below -100
15 chart shows a downtrend and Fibonacci retracement level of .618 inside a supply zone.
Let's see if we can hit .618 and take the trade short all the way to the 50SMA on the 4 hour chart.
Extended Trend On Gold4 hour chart is entering the 7th wave
1 hour chart is entering the 11th wave
15 min chart is inside of the 4 hour supply zone (market edge.
We might get a double top or a retest of this area and a deep pullback to 2152.8. At this point the 1 hour trend will recalculate.
However if price follows the 4 hour pullback then we could see a drop all the way to 2095.
How to short SilverSilver popped up on our TrendCloud Scanning System and started showing us a short signal.
TrendCloud signals started forming and are still working out nicely.
Trend and momentum are both down across multiple timeframes and heading toward the first ADR checkpoint.
If you would like to become consistently profitable so you can move out of the simulator and into a live trading account then click the link in my profile and check out what TrendCloud can do for you.
Chris Juliano
TrendCloud