XAUUSD Daily Island Reversal, Bearish Shark
Am short looking for two targets to re-establish longer term long positions
Final short target will be the 78.6% retracement which is also a gap close and the zone for a 2618 trade
If it gets there I am planning to buy again into a longer term position long
Market may be forming a weekly triangle and the $41-$42 high may be resistance going forward so will take partial profits on any longs prior to this and play the range
Final short target will be the 78.6% retracement which is also a gap close and the zone for a 2618 trade
If it gets there I am planning to buy again into a longer term position long
Market may be forming a weekly triangle and the $41-$42 high may be resistance going forward so will take partial profits on any longs prior to this and play the range
Note
incorrectly noted XAUUSD, should be CL1! Curde OilMinor Oversight as currently swing short both.... technical view on this is unchanged
Trade closed: target reached
Target 1 hit, trailed second stop to BENote
This pattern could better be described as a Nen-star pattern at 127.2% extension of X-AFinal target lower is 29.64 based on the gap here although not sure if it will reach it... we will see
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.