Riding the Bull: Are We Set to Rally Higher?SPDR S&P 500 FUTURES CME_MINI:ESM2023 & AMEX:SPY ETF - Evening Market Update - 10/18/23
Today's Recap
We saw a remarkable movement in ES over the past week. It was technical analysis at its finest: a 10-day tight range was followed by a breakout, just as the underlying trend suggested. As per historical trends, these range breakouts can lead to sustained rallies.
Key Structures
Several key structures have emerged that are worth watching:
The Week-Long Triangle Structure: This structure triggered the recent breakout. The market dynamics can be summarized as follows: bulls control above it, and bears control below it. The back-test level is now 4140-42.
The Purple Uptrend Channel: This structure, connecting the May 4th low and this week's low, is a crucial support area at around 4140-42. Bulls will want to hold this structure.
The Blue and White Broadening Formation: This structure has been a focus in our discussions. The white broadening formation resistance, at around 4197, was the target for weeks, and it broke out late today.
Support Levels
As long as 4147 holds, we continue our upward trajectory.
The 4140-42 area, derived from the triangle structure and the purple uptrend channel, is an obvious structure bulls want to hold.
4197, the previous resistance, has now turned into a support level.
4197-95 (major), 4182-85 (major), 4175, 4168, 4156 (major), 4140-42 (major - backtests the triangle breakout), 4135, 4126 (major - triangle support), 4114, 4106, 4092-95 (major - broadening formation support).
Resistance Levels
Initial resistance was at 4192, acting as a magnet, as previously identified.
According to the blue broadening formation, the next major resistance level is now at 4242.
4212, 4221 (major), 4235, 4243 (major), 4249, 4263 (major), 4270-72, 4277 (major), 4296, 4306 (major).
Trading Plan for Tomorrow
The plan for tomorrow is straightforward:
If the market remains above the key structures (4140-42), we should anticipate a continued upward trend toward the resistance at 4242.
However, if the market dips below these structures, it could signal a shift in control to bears.
Wrap Up
Stay patient and adhere to your trading plan. Follow the key structures, resistance, and support levels closely.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
Supplyandemandzones
Bulls Maintain Control as Market Holds Near Breakout LevelsThe market closed higher today. The move higher was driven by a number of factors, including stronger economic data and expectations that the Federal Reserve will not raise interest rates in June. However, the looking debt deadline is not in the review mirror yet.
Key Points
The market broke out from the tightest range seen since April 2017.
The next level of resistance for ES_F is at 4175. If ES_F can break above this level, it could open the door to further gains towards 4200.
The next major economic event for ES_F is the Federal Reserve's meeting on June 13-14. The Fed is not expected to raise interest rates.
Bull Case
As long as the 4155-47 breakout back-test area holds, bulls are in control. If it fails, bulls will want to recover quickly from 4135 support.
Generally though, as long as that backtest holds, bulls are in control and we likely chop, bull flag, then continue to push to 4195 megaphone resistance.
Possible pullback there then on to break the May highs.
In terms of spots to add on strength, I will be watching for bull flag formation.
We have the flag pole with todays rally, and the flagging would occur under 4178-80 and above 4166.
If this flag can develop overnight, I may consider buying it in the morning.
Bear Case
Several levels need to fail for there to be any short-able bear case.
The first warning, though is the 4147 breakout back-test.
4125 support needs to crack. However, a breakout short, perhaps 4122, to work down the levels to 4100 and lower.
Final Thoughts
The market is in a bullish trend, but it is important to be aware of the risks. The market could pull back in the coming days, especially if the debt ceiling isn’t raised, and it is important to be prepared for this possibility.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
After-Market Analysis: Patience in Play Amid ES_F's Narrow RangeWe witnessed a choppy session today, mainly pinned at 4135. The market fluctuated between 4155-4130, indicating the possibility of a breakout pushing up the levels to megaphone resistance. The bearish case will start with the failure of 4131.
Today's session was marked by a continued consolidation within a narrow range for ES_F. The market has been in a tight range for the past week, with closing prices consistently falling within 1% of the 4130 zone. This is one of the tightest consolidations we've seen in years, and it's a consequence of the May 4th/5th rally and the options expiry week.
We saw the ES_F put in a notable 6 daily candles stacked tightly side-by-side in approximately a 60-point range, likely the tightest range since the March or January lows. This could potentially be a trap for newer traders who are always seeking the rare "big home run move". Instead, the market seems to be tactically playing between levels, resulting in failed breakdowns to trap chasers.
Resistance Levels:
4127, 4135 (major), 4142, 4148, 4152 (major), 4166, 4173-75 (major), 4188-90 (megaphone resistance, major), 4197, 4205 (major), 4220 (major), 4232, 4240-42 (major - large broadening formation resistance), 4256, 4266, 4273-76 (major), 4282, 4290-92 (major), 4305 (major).
Support Levels:
4118 (major), 4111, 4100-4105 (major - broadening formation support), 4079-83 (major), 4070, 4057, 4040-44 (major - broadening formation support), 4025, 4020 (major), 3999, 3990 (major), 3967-72, 3956 (major).
Key Structures:
The small white broadening formation with support at 4105 and resistance at 4187-90.
The larger blue broadening formation pattern with support at 4040 and resistance around 4235.
The purple rising channel structure with support around 4136-31.
Bonds:
On the bond front, the yield on the 2-year, 10-year, and 30-year Treasuries showed a marginal increase today. This could be a significant factor to watch for in the coming days.
Trading Plan:
In the evening hours, I opened a short trade here at 4133 resistance. For any long positions, a sustained break above 4133-35 will be needed to trigger the upside once again. A false break will trigger back to downside support.
Final Thoughts:
In summary, while the market's current state might be frustrating for those seeking the "big move," it's crucial to remain patient and tactical. The market's gyrations test our resilience and adaptability as traders.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
GBPUSD short setupHey traders! Ok so here is what I'm looking at going into London session today...
GBPUSD reacted from origin supply on 15M. Confluence with 4H supply. I took a long trade into this zone yesterday, which hit TP pretty quickly (wish all trades were that easy haha).
Here and now...looking for shorts after a pullback into premium of this bearish drive and the last buy-to-sell prior to the impulsive move. My only hesitation is the resting buy-side liquidity above the recent highs. I would really like to see this liquidity taken out and then take a trade on lower TFs (1-5M) after a Change of Character or Break of Structure.
Target for my shorts is the bottom end of the 15M range at 1.24428. If we get there prior to a pullback into my point of interest, I will re-evaluate based on new structure.
Happy trading!
Litecoin - Scenarios To Watch 👀What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the Litecoin 1H chart.
Let's dive right in...
Ticker: LTCUSDT
Date: 05/12/23
Timeframe: 1H
Supply: 83.82-85.24 (1st red zone), 89.07-89.86 (2nd red zone)
Key zone: 81.41-82.00 (grey zone)
Demand: 75.18-77.74 (green zone), 65-67.58 (green zone)
Commentary:
LTCUSDT seems to be one of the few cryptos that have established a low on this move down and continues to respect demand down at these lows. This means it could be one of the tickers to play now that we have established new demand and supply levels.
Currently it seems to be respecting this ~82 level grey zone as supply but if this 75.18-77.74 demand holds up it is only a matter of time that this zone gets broken. There are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~75.18-77.74 and buyers to emerge again for an upside move, possibly into ~81.41-82 key zone or higher into supply at ~83.82-85.24. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~81.41-82 key (grey) zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~83.82-85.24.
✅ Bullish Scenario 3: you want to see price rally and break both this key (grey) zone and supply level at ~83.82-85.24, pull back to retest ~83.82-85.24 zone and turn it into demand to catch a break and retest for a further upside move potentially into next supply at ~89.07-89.86.
🟥 Bearish Scenario 1: you want to see price approach this key (grey) zone at ~81.41-82, sellers to regain control as they have done since Wednesday this week, and possibly catch a retest of this zone into demand at ~75.18-77.74 again. This will be the safer downside play if it sets up soon.
🟥 Bearish Scenario 2: you want to see approach supply at ~83.82-85.24, show weakness, possibly retest this zone and reject again for a move down into the grey zone or further down into demand.
🟥 Bearish Scenario 3: you want to see price break below demand at ~75.18-77.74, pull back up to retest and turn this zone into supply for further downside into March lows. There is a demand zone at ~65-67.58 so be cautious of that.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
April's CPI Surprise: Can Bulls Charge Forward For Now?SPDR S&P 500 FUTURES ( CME_MINI:ESM2023 ) & ETF ( AMEX:SPY ) - Market Update - 10/10/23
The April Consumer Price Index (CPI) report showed a 0.4% increase last month, driven by rising shelter, used vehicle, and gas prices. This increase met Wall Street expectations, and the annual inflation rate of 4.9% came in slightly below estimates, providing hope for a lower trend. For workers, real average hourly earnings, adjusted for inflation, rose 0.1% for the month but were still down 0.5% from a year ago. These CPI figures provided a stick save for ES_F.
A massive 60-point range started with a failed breakout at 4176, and ES_F tested the overnight low, flushing to the 4114 support level. An intraday bull flag formed at the 4118-4123 support zone, with bulls getting long at the 4129-4134 range. A broadening formation (megaphone) pattern emerged at 4114, with resistance at 4176-4180. The rising uptrend channel from the March 2023 low is highlighted in yellow, establishing new support at 4134.
Bull Case:
On any pullback, look for re-entry to go long at the 4145-4146 level. If we move above 4145, the new magnet zone is 4176-4181. The 4166 support level is also a good magnet.
Bear Case:
On any pullback, look for re-entry to go short below 4134.
Economic Factors:
Keep an eye on the PPI-Final Demand and Jobless Claims data released at 8:30AM (EST) today.
Bonds:
The US10Y supports the bull case on the 4-hour chart with a new lower low. A symmetrical triangle pattern with a 5-day rising support range is visible, extending from 3.0308% to 3.311%.
Support Levels:
4134-32 (major), 4122, 4114-16 (major), 4111, 4105, 4092, 4082-78 (major), 4061, 4048 (major - broadening formation support), 4037, 4020-22 (major), 4011 (major), 3997, 3984 (major), 3978, 3952 (major), 3942, 3935 (major), 3904 (major), 3892 (major)
Resistance Levels:
4146 (major), 4154, 4166, 4176-81 (major, broadening formation support), 4188-92 (major), 4200, 4210, 4218-20 (major), 4230 (major - broadening formation support), 4243-46 (major), 4256
Final Thoughts:
As the market continues to digest April's CPI surprise, traders should remain vigilant and watch key support and resistance levels. The bull case still has potential, but it is crucial to monitor economic factors, such as PPI-Final Demand and Jobless Claims data, as well as bond market developments.
Not Investment Advice:
Please note that the information and strategies shared in this newsletter are for informational and educational purposes only. They should not be considered investment advice, nor should they be used as a basis for making any investment decisions. Always consult a financial professional before making any investment decisions, and ensure you understand the risks involved in trading and investing.
Spot the Shift: Is Market Compression Leading to Big Move?SPDR S&P 500 FUTURES ( CME_MINI:ESM2023 ) & ETF ( AMEX:SPY ) - Market Update - 10/12/23
The trading session was a showcase of failed breakdowns. This reaffirmed that most local lows and highs are set with these failures. A key takeaway is that more trading doesn’t necessarily lead to more profits. The strategy that has proved most profitable is consistently stacking level-to-level gains and then getting out.
As we've observed nearly every day since March, we're in a “buy dips regime” technically. This perspective has simplified trading for the past two months, as every 1-2 day dip has been bought. This past week, after a robust 100+ point vertical rally, the market has entered a consolidation phase, building a range with resistance at 4165 and support at around 4115. This range consolidation led to one of the tightest range weeks of 2023, with four daily candles stacking side by side.
Market observers and traders are anticipating a big trend move due to the current compression in the market, which is likely to lead to expansion.
In recent weeks, it has been crucial to trade from level to level, making terms like “bullish” or “bearish” less relevant for short-term traders. We've been in a 1.5 month consolidation within a strong bull trend, rallying 350 points from March 13th to mid-April and consolidating ever since. Current support and resistance levels lie at 4045 and 4230, respectively.
Bull Case
Holding key support levels is required for the bull case, with the potential for a breakout if these are maintained.
Bear Case
The bear case requires a fail of 4123-21, indicating potential for shorts. We are currently in a very tight, tactical range with low predictability.
Economic Factors
Turning our attention to economic factors, the producer price index, a measure of prices for final demand goods and services, increased 0.2%, which was less than the Dow Jones estimate for 0.3%. The headline PPI rose just 2.3%, down from 2.7% in March, marking the lowest reading since January 2021.
Bonds
In bond markets, U.S. Treasury yields were mixed on Thursday, as a report on wholesale prices confirmed inflation was slowing. The yield on the 10-year Treasury decreased 4.7 basis points at 3.392%, while the 2-year Treasury traded less than 1 basis point higher at 3.908%.
Support Levels:
4134, 4121-4123, 4114 (broadening formation), 4106, 4090, 4078-82 (major), 4061 (major), 4040-45 (major), 4034, 4015-20 (major), 4010, 3980-83 (major)
Resistance Levels:
4145 (major), 4153 (major), 4166, 4174, 4179-81 (major), 4190-93, 4200, 4209, 4218, 4225 (major), 4233 (broadening formation), 4243, 4250, 4262, 4275 (major)
Final Thoughts
Remember, more trading does not necessarily equate to more profits. Instead, a strategic approach—methodically stacking gains from level to level and knowing when to exit—will prove to be more profitable.
We must always stay vigilant, adaptable, and patient in this dynamic market. We'll continue to provide regular updates and strategies to help you navigate these waters.
Not Investment Advice:
Please note that the information and strategies shared in this newsletter are for informational and educational purposes only. They should not be considered investment advice, nor should they be used as a basis for making any investment decisions. Always consult a financial professional before making any investment decisions, and ensure you understand the risks involved in trading and investing.
$NU - Uptrend Commencing+14.73% MoM at the moment of editing. But more important than this percentual gain is what this candle represents.
This market had been ranging between the $3.5 & $5.5 thresholds for the past 12 months after a brutal sell off.
This month, after a shy breakout above the 10 EMA (M), this market is trading close to $6, with that proud green candle breaking above the above mentioned resistance threshold, making new high highs and announcing what could be the start of an uptrend.
Noteworthy is the fact that we are barely in the equator or the month, the time frame used for this analysis ... It goes without saying that we need a closed candle in order to draw firmer conclusions.
No less important, despite the curiosity triggered by this breakout, a careful examination of this market tells us that it has heavy overhead supply and also that the upcoming logical target (zone where the odds of the bears stepping in this market increase),entails that a bullish swing trade would have a poor risk to reward ratio ... if of course we place our stop loss in a logical place as well (below the $5.50 threshold - as previous resistance and new support, always with sufficient buffer).
Having this said, now comes the moment when I alert you for the complexity of the world and the financial markets. No Nobel prize, prime trader, financial institution or whatsoever, knows what's going to happen tomorrow. This is a game of probabilities and risk management. If your trade has 60% odds of succeeding (which are actually very good odds), it still means that you ought to expect 4 losses out of every 10 trades in the long run. 4 out of 10 are still pretty significant numbers. Can you really afford to place a bulky share of your capital at this risk? You need to stay alive to allow the good side of the odds to help you out here. So manage risk at all costs and make it your priority.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
50% discount on all of our products, in our web, with the following code:
MOX Q3C WXRX
Profit in Both Bull and Bear MarketsThe EURUSD demonstrates a clear bullish trend based on the current market conditions. As a result, trend traders may seek to capitalize on potential buying opportunities at the support level of 1.0967.
Conversely, counter-trend traders may be interested in shorting the currency pair at the resistance level of 1.1035-1.1044 while placing initial stop-loss orders above 1.1067 to minimise risk. With a well-defined plan, traders can confidently approach the market from either direction and potentially reap substantial profits.
Supply and Demand 101 📚 OKXIDEAS📌 1- Introduction
To understand trading supply and demand, let's consider a simplified example. Imagine I typically purchase a specific brand of rice for $ 5 per bag. However, one day, while shopping, I discover that the price of this rice bag has increased to $ 7.
While I could afford the extra $ 2, I'm accustomed to paying $ 5 and prefer not to pay more if possible. So, I begin to search for an alternative brand of rice that costs $ 5. This behavior is common among consumers, and many others would likely do the same thing in this situation.
As time passes, the rice company notices that sales are decreasing, prompting them to reduce prices to move their inventory. Eventually, the bag of rice is back to HKEX:5 , and consumers begin purchasing it again.
In this example, HKEX:5 represents demand. The same principle applies to supply and is relevant in trading, where instruments such as BTC, APPL, USD are involved.
📌 2- Supply and Demand
Supply and demand is a trading and price action concept that analyses how financial markets move and how buyers and sellers drive the price.
On every price chart, there are certain price points where you can observe a sudden shift between the buyers and the sellers.
Those areas are usually characterized by strong and immediate turning points, or an explosive breakout. We as traders call those areas supply and demand zones.
The fundamental concept is to identify points on a chart where the price has experienced a significant increase or decrease. A demand zone is marked when the price experiences a strong advance, and a supply zone is marked when the market has undergone a sharp decline. This principle is based on the mass psychology behind supply and demand, as exemplified by the bag of rice analogy.
For instance, a trader may observe a significant bullish candle, but they may have missed out on the big move, causing them distress. Consequently, they are unlikely to buy now, believing the price is too high. Instead, they may wait for the price to retest the area where the aggressive upward movement began to identify buying opportunities where they perceive the price to be reasonable.
As a result, this area becomes a demand zone as many traders are awaiting its retest to purchase.
📌 3- There are four key areas of interest on the charts to look for:
The drop base rally, or ‘DBR’.
The rally base drop, or ‘RBD’.
The rally base rally, or ‘RBR’.
The drop base drop, or ‘DBD’.
A 'DBR' demand zone is typically indicative of a market bottom. Initially, the price is trending downwards until it begins to bottom out or base, then reverses its course to the upside.
Similarly, an 'RBD' supply zone is formed in the same way as the 'DBR' formation, but instead of a market bottom, this pattern creates a market top before reversing to the downside.
A 'RBR' demand zone typically emerges during an uptrend. The price starts with an upward movement, followed by a consolidation phase or base, and finally, a continuation move to the upside.
On the other hand, a 'DBD' supply zone is essentially the same formation as a 'RBR' area but occurs within a downtrend. The price begins with a decline, enters into a consolidation phase, and is followed by a continuation move to the downside.
Identifying these demand and supply zones can help traders in determining potential trading opportunities.
Now that we have a basic idea of what to look for, here’s how the noted zones above look on a live chart. OKX:ETHUSDT OKXIDEAS
📌 4- Characteristics Of a Strong Zone
a- Momentum from the zone
OKX:OKBUSDT OKXIDEAS
One of the fundamental rules to trading supply and demand is “The stronger the move away from a zone the higher the chance the market has of having a strong move away when it eventually returns”
b- Time Spent Away From Zone
OKX:OKBUSDT OKXIDEAS
It doesn't seem logical that an old zone still contains orders to buy or sell within it. Let's consider a supply zone that is four years old and the market has not returned to it yet. Is it plausible that traders still have a pending order to sell around it?
The strength of a supply or demand zone is defined by the amount of time the market has spent away from it. The more quickly the market returns to a supply or demand zone, the higher the probability of a successful trade.
Usually, older zones do not work out frequently. Therefore, it is better to concentrate only on the recently created zones.
In the above example, the last demand zone is still fresh, the more time passes, the weaker it becomes.
📌 5- Difference Between Supply & Demand and Support & Resistance
OKX:XRPUSDT OKXIDEAS
The concept of support and resistance is based on the idea that a line or area that has been tested multiple times in the past and prevented the price from moving beyond it is considered significant.
On the other hand, when it comes to supply and demand, we are interested in finding areas with a strong, recent, and untested movement, rather than areas that have been repeatedly tested and held strong.
Sometimes, just like the above XRP example, it happens that we have got a demand zone (blue) around a support zone (red) but it doesn't mean that they are the same.
📌 6- How to trade Supply and Demand
There are plenty of methods one can use to enhance the probability of a zone holding firm. Each individual is different and will, therefore, rarely look at the charts the same way.
Some traders, like myself, prefer to confirm these zones using other technical tools, while others prefer to simply trade the zones naked.
OKX:XRPUSDT OKXIDEAS
As per my trading style, I only locate supply/demand zones on higher timeframes. And as price approaches the supply/demand, I zoom in to lower timeframes to look for sell/buy setups for extra confirmation.
7- Conclusion
Traders, especially amateurs, are usually fascinated by supply and demand because they want to catch the exact price tops or bottoms. However, supply and demand is not foolproof and definitely not the Holy Grail.
Supply and demand zones are not a stand-alone strategy but act as extra confluence for an existing potential setup.
Remember:
Higher-timeframe areas are more reliable.
Trading the first time back to a zone is the highest probability trading setup.
I have shared my personal thoughts about Supply and Demand, however it is your job as a trader to find what works for you.
Let me know if you find this post useful, and what which topic would you like me to cover next 🙏
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
Would love to see the sell side liquidity taken out I would love to see the sell side liquidity taken out prior to the relatively equal lows where liquidity is resting below and it happens to be just below the discount zones... yesterday I and my community went long on GBPUSD/AUDUSD and eurusd ...if you have been following my shared ideas here I did say I would love to see the buyside liquidity on Gbpusd taken out ..well go look at your chart ..anyways stay safe guys ...
#Iamace #Acethetrader #AcetradeingAcademy
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EURCHF- Long term Swing TradeTechnical Analysis:
-Trop down analysis shows that there is a strong bearish trend for this pair so I will only be looking for short trades.
-Supply zone and Fibonacci level 62% are in line which shows a strong confluence that price will retrace to from this level.
-According to my algorithm, the seasonality shows a bearish trend for this pair will last till the beginning of may.
Fundamental Analysis:
There will be a few major impact news which could have a massive impact on how how price will react during the news.
Nifty @ Supply ZoneIt's better to follow the price instead of to predict the price as an option seller.
Currently Nifty @ Reaction Zone. There is a high probability to see strong price action on the any side within a day or two.
Bullish price action will take nifty to the next supply zone @ 17800-17900
and
Bearish price action will take nifty to the next support @ 17000 and 16850-16900.
Let's See....
Going short on Gbpusd In my former idea I shared on Sunday opening,I said I am only interested when the highs or buyside liquidity is being taken out..this was the same analysis I shared on Sunday for my paid mentorship students ...my ideal target is for 1.23114 to be taken out respectively..stay safe guys...risk what you know you can afford to lose..
Investing in Zoom stock: Will You be Profiting Long-Term?Are you on the lookout for a solid investment opportunity in the current market? Look no further than Zoom Video Communications! Although media reports or rumours about a significant change in a company’s business prospects usually cause its stock to trend and lead to an immediate price change, certain fundamental factors always drive the buy-and-hold decision.
Zoom Video Communications stock company is reacting to a very strong monthly demand level located around $70 per share. There is a lot of profit for margin for this long-term buy opportunity of Zoom Video Communications shares. There is room for this tech stock to reach $250; it will need a few months, bu
GOLD Bearish SignsHello Traders
I think the Gold price Stabilized under 1880 area and its time for more decreases.
As you can see on my chart we Broke 1880 support Area with a Long Red Belt candle.
and after pullback to this area now its time for a few crash.
I thnik the Gold price decrease till area created by 38.2% Fibo Retracement of last long leg
(yellow channel above) and a strong support level around 1800 and 1820.
Also the price Breaks 50EMA and Retest it too.
JUST...
If you take a TRADE , DONT FORGET TO SET A REASONABLE STOPLOSS.
Thank you all for reading my idea.
please teach me something in comments.