CLX9 Fading Short SetupSeemingly oil has run into the supply area via profit booking. The traders are reducing short risk exposure and are likely to enter for continuation on a pullback. The fading short setup looks valid at this point. However, in the context of the recent price action, the probability of this trade is not the best that we could have.
Gann Box
BTCUSD | 9D | DOUBLE GANN GEO SETUPThis is the continuation chart of my March 15th 2018 chart (see related idea link) expanding in the other half of the harmonic gann wheel. As you can see it seems that bitcoin is sitting tight on the arc acting as a support base for the next rally higher.. enjoy!
Cheers,
Keops
Gold Monthly Meeting ResistanceHere is a monthly gold chart squared to ATH. As illustrated, the gold price soared to the 15º angle line coming down from the ATH, and this is expected to attract some supply around this level. There's an increased risk of downside for long position holders, and significant reduction of short risk exposure might ensue if there's a sign of demand failure here. Looking for short entries makes sense at this point.