A perfect finish to this chart idea with our final target at 2923 now complete.
Yesterday we started with our Bullish target 2872 and then cross and lock confirmed 2885 and 2898, which was hit perfectly. This followed with ema5 lock above 2898 opening 2911 and 2923. We got the 2911 target and stated that if 2898 and 2885 Goldturns provide support now, we may get the momentum for the 2923 test sooner rather then later.
- 2898 provided the support and we got the final target at 2923 to complete this chart idea.
We spent the rest of the day buying dips from the lower weighted Goldturns, which is providing the support and bounce.
We are back within this chart range and therefore can continue to track the movement here. However we also have our 4h chart idea to track the remaining range
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET 2872 - DONE
EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET 2885 - DONE 2898 - DONE
EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET 2911 - DONE 2923 - DONE
BEARISH TARGETS 2851
EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE 2836 - 2819
EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE
SWING RANGE 2807 - 2794
SECONDARY SWING RANGE 2782 - 2764
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
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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.