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...