GOLD
Red Flags
- Broke down from M RSI rising wedge!
- Very extended on M RSI above 70
- Reversal candles on M
- Broke down D structure and
- Broke down below 2011 ATH
- Re-tested ATH + broken down structure, and getting rejected from it
- D formed a bear flag and broke down
- D RSI resistance=55 + hidden bear divergence
- PLAN:
+++Stop out of partial SLV if we break down D Double bottom = 1894
+++Watch Weekly (1)21EMA + (2)Weekly trendline (441 Days) resistance, now support. Rebuy there if we start bouncing. Also watch (3)D falling wedge retest
Red Flags
- Broke down from M RSI rising wedge!
- Very extended on M RSI above 70
- Reversal candles on M
- Broke down D structure and
- Broke down below 2011 ATH
- Re-tested ATH + broken down structure, and getting rejected from it
- D formed a bear flag and broke down
- D RSI resistance=55 + hidden bear divergence
- PLAN:
+++Stop out of partial SLV if we break down D Double bottom = 1894
+++Watch Weekly (1)21EMA + (2)Weekly trendline (441 Days) resistance, now support. Rebuy there if we start bouncing. Also watch (3)D falling wedge retest
Stop loss in
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.
Stop loss in
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.