Hello world,
here my checklist for a possible gold long set up.
* [x]HT (weekly)
* [x]major trend direction
* [x]50 EMA
* [x]RVI 50 > 30
* [x]Key support & resistance levels (red)
* [x] in Wykoff expansion/trend phase
* [x]Identified last contraction phase
* []DT (4h)
* [x]Identified last wykoff contraction phase
* []average price contrary to trend
* [x]Sup./res. levels (blue)
* []Momentum loss
* []14 RSI < 35
* []Price action
As soon as the price drops below the contraction average of the last contr. phase I am looking for long entries.
Bold bulletpoints without an "x" are the factors I am waiting for.
All the best,
c4ss10p314
here my checklist for a possible gold long set up.
* [x]HT (weekly)
* [x]major trend direction
* [x]50 EMA
* [x]RVI 50 > 30
* [x]Key support & resistance levels (red)
* [x] in Wykoff expansion/trend phase
* [x]Identified last contraction phase
* []DT (4h)
* [x]Identified last wykoff contraction phase
* []average price contrary to trend
* [x]Sup./res. levels (blue)
* []Momentum loss
* []14 RSI < 35
* []Price action
As soon as the price drops below the contraction average of the last contr. phase I am looking for long entries.
Bold bulletpoints without an "x" are the factors I am waiting for.
All the best,
c4ss10p314
Trade active
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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.