WolfOfAltenmarkt

WolfOfAltenmarkt

HORIZONTAL SUPPORT. SELLERS TURNED INTO BUYERS. DOUBLE BOTTOM.

WolfOfAltenmarkt

BUYERS TURNED INTO SELLERS. HORIZONTAL RESISTANCE LINE.

WolfOfAltenmarkt Updated 

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WolfOfAltenmarkt

BEARISH ENGULFING CANDLE FORMATION.

WolfOfAltenmarkt

trend line seems to be respected. bearish pin bar shows that buyer turn into sellers. the risk to reward seems to be fine with 2:1 ratio.

WolfOfAltenmarkt

20 ema support bullish pinbar

WolfOfAltenmarkt

is it time to go long?

WolfOfAltenmarkt

price is hitting resistance level. bearish pinbar occured. I think a retracement to the trendline can be possilbe. what do you thing?

WolfOfAltenmarkt

is there more downside to come? to me it still looks bearish.

WolfOfAltenmarkt

Is it failing to create a lower low? Trendline is broken. Bullish Pinbar created and I do see a Head and Shoulder formation occuring.

WolfOfAltenmarkt Updated 

IT FAILED TO CREATE A HIGHER HIGH. PRICEACTION TELLS A SHIFT FROM BUYERS TO SELLERS IN A PINBAR CANDLE. 20 EMA IS ACTING AS RESISTANCE ALSO HISTORICAL RESISTANCE LEVEL.

WolfOfAltenmarkt

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WolfOfAltenmarkt

SUPPORT ACTS AS RESISTANCE BUYERS KICK IN AT TRENDLINE AND 20 EMA SUPPORT FAILED TO MAKE A LOWER LOW?

WolfOfAltenmarkt

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WolfOfAltenmarkt

IS FORMING A TRIANGLE FORMATION. SELLERS TURN INTO BUYERS - BULLISH PINBAR. TRENDLINE SUPPORT.

WolfOfAltenmarkt

FIB SUPPORT 50 EMA SUPPORT

WolfOfAltenmarkt

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WolfOfAltenmarkt

My question is. Is that a new chance to enter the Gold? What do you think? Is there another channel forming?