simple trading -
GJ has been in a bullish sideways market for some time now. we can see price has made its way back to the top on the bullish trend.
BULL:
Wait for the price to remain bullish. wait for a break and retest above the current high. once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy opportunities.
BEAR:
The daily has already given us a huge doji candle. watch for the next couple of daily candle sticks to form to see if sell pressure will continue.
On the 4hr charts here we can clearly see a bullish market. A perfect cup has formed and now we need a handle to confirm the CUP and handle pattern.
Prediction:
GJ will retest the previous low 186 to complete the handle
GJ will make a run back up to the previous high after confirming solid support around 186
The price could fall to 184.60 and/or 184
GJ has been in a bullish sideways market for some time now. we can see price has made its way back to the top on the bullish trend.
BULL:
Wait for the price to remain bullish. wait for a break and retest above the current high. once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy opportunities.
BEAR:
The daily has already given us a huge doji candle. watch for the next couple of daily candle sticks to form to see if sell pressure will continue.
On the 4hr charts here we can clearly see a bullish market. A perfect cup has formed and now we need a handle to confirm the CUP and handle pattern.
Prediction:
GJ will retest the previous low 186 to complete the handle
GJ will make a run back up to the previous high after confirming solid support around 186
The price could fall to 184.60 and/or 184
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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.
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.