When people are taking out their money from the stock market(as its currently in a bear rally) , they put their money into a safe asset like Gold. Troubled times like the one were currently in can lead to a surge in the price of Gold. Most traders are selling the double top, or so they think it is! With their stop loss placed right above recent high! The money...
You have to remember that the way the market moves is where the money is. Banks and hedge funds will create candlestick patterns to take your money. We have a clear downtrend and rejection of our hidden level
Market is currently overbought, we should have retracement back to our hidden level. We take profit at the hidden level because you can see banks and hedgefunds have particular interest at these prices. You can place your stoploss above the recent high.
It started with a double top, leading to strong rejection at our hidden level. You can see the volume spike at these key levels as more confluence!
BULL FLAG ON US30 STOPHUNT! Analysis explains itelf! short term trade
We have 2 different scenarios that might play out. I also provided free tips. If we have option 1, it means this was a massive stop hunt , to take out all retail trader stop losses that entered too early. Option 2 means its a valid head and shoulders. These are safe entries because we aren't predicting the market, we are reacting to it. If you would like more...