High Probable SHORT from 4Hr (78.5% Fib. Level) for the HOUSE..?COMEX:GC1!
"When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas
We coming out on TOP nothing less than that! Here I have developed a High Probable SHORT for the HOUSE to CAPITALIZE here on GOLD and below I'm going to break down what I want to see develop before we enter the market. Let's get to it!!
1) On the Daily TF I am starting to notice just ever so slightly exhaustion from BUYERS to the upside....
2) 4Hr TF we have a rising eR/LQ Trendline that buyers have been respecting very heavily. Also we have a smaller Descending eR/LQ Trendline that sellers have been respecting as well. We are currently trading inside of the last 4Hr Last High ($2570.5) and 4Hr Last Low ($2506.5). I drew out the Fib. from these price levels and price is currently trading around mitigated pricing of 70.5% ($2,551.5)
3) Now what I'll be looking for to enter the market SHORT is bulls continue to push price higher into the HTF 4Hr Supply Zone Candle stick... The Killzone level is 78.5% ($2,556.5) which is also near the 50% EQ level of the overall 4Hr Supply Zone and also near the descending eR/LQ Trendline that sellers have created to the Downside....
4) If and when Bulls can continue to push higher into premium pricing 78.5% Fib. Level I then will drop down to the LTF 5-15m and wait for a confirmed 15m Bear CHoCh. Once we can get this confirmation I will then look to enter SHORT and target the 4Hr Swing EQ Level ($2538.5)...
5) I'll keep close update as PA develops and we have more data to work with.
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
