Hi Traders,
I like the chances of a decent pull back on gold later or next week. Until then my trading gates are closed.
RSI –40(daily) - TBA
Retracement pullbacks around the 618 - TBA
FIBS Trading Above 200MA Daily - Yes
I will be waiting for a pull back to the high liquidity area, and the 618 fib. I am going to keep this post alive to track this trade...
S&P!
Technically speaking this a bearish move back up.
Lets remember the following 4 rules!
INCREASING PRICE - DECREASING VOLUME (BEARISH)
INCREASING PRICE - INCREASING VOLUME (BULLISH)
DECREASING PRICE - DECREASING VOLUME (BULLISH)
DECREASING PRICE - INCREASING VOLUME (BEARISH)
Why is that?
If a price is moving in one direction and having less interest...
Hi Traders,
This will be my first of many breakdowns. Starting with bitcoin of course…
I do not believe there is anything hidden behind the bitcoin chart. My macro views as a low volume retracement (BEARISH) in a rising wedge (BEARISH).
We are trading below the 200 daily MA (Bearish)
Stochastic will be tiring up above the 70 region (BEARISH)
Last bit of...