GOLD had a nice little pump from below the 200 week MA and the support low to print a strong SRP Shakeout Reversal Pattern to trap shorts in that area.
And now it has pumped the question is whether it has any real legs or if it was just a short squeeze.
Currently at the 0.382 retracement that is a very common reversal point for continuation patterns connecting motive structures.
With no bearish candles as yet I'm going to hazard a guess that this is a top but we'll see how things play out.
Not advice.
And now it has pumped the question is whether it has any real legs or if it was just a short squeeze.
Currently at the 0.382 retracement that is a very common reversal point for continuation patterns connecting motive structures.
With no bearish candles as yet I'm going to hazard a guess that this is a top but we'll see how things play out.
Not advice.
コメント:
Get these TV clowns 😂.
コメント:
Its starting to look like a major rally can be happening in metals and so I no longer see it reversing in this area. I'll make a thread later.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 1 of weekend video 25/5 now uploaded to the group😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 1 of weekend video 25/5 now uploaded to the group😼.
$50 per month 👍🏻.
Contact: t.me/dRends35