Potential M formation. Will go short if price breaks through my dotted support.
Expecting a nice move to the downside once price gets rejected at major resistance.
I want to see gold retesting resistance for a further move to the downside.
Waiting for a completion of the retest, then going short.
Price bounced off the support zone, still waiting for confirmation to go long, because trading is more reactive that predictive.
Expecting a melt to the downside. This is just an idea, not a signal.
Potential right shoulder formation. You know what this means!
Looking to go short when price breaks and closes below my dotted support