I believe the trend is still UP but the momentum has turned negative. I would be out of the long trade completely today
It may be wise to book half of longs, sell all on further weakness, buy back full position on strength
Crude is stalling. The real ramp up traditionally begins a month or so from now, sell half long position, add on resumption, sell all on further weakness below T-Line
The price of gold ha s s talled or at least paused its advance. Sell half an ad all on breakdown
Momentum is picking up speed and likely resulting in a trend change from down to up on close above 50 day. Then carry into 15300s. Though still below the 200
Gold turned positive momentum into an uptrend some time ago. Yesterday price declined to a momentum based stop loss level but did not close below. Pullbacks can be a reason to buy or even add to an existing position but a close below a stop limit is the only reason needed to exit the trade.
The change in trend from down to up as price closed 4200 was a reason to get long and the failure of positive momentum as indicated by a tight volatility stop was a reason to get out with bout 500 lost per coin. Waiting for momentum to close beyond the VStop level will result in a renewed long position. If you enjoy or profit from my observations please let me know.
Every market move whether up or down has to start somewhere. Advances begin with momentum. Positive momentum (as represented by the green circles under price) can be a short-lived thing. The trend is still down in Oil but and momentum reversals are reasons to cover short positions and prepare to get long if/when the trend changes from down to up (when price closes...
If you didn't recognize the shift in momentum yesterday, the heads up on potential trend change from up to down should get your attention
Where the lower green line indicates a change in Trend from down to up and the dots/circles indicate shifts in momentum and a stop loss. So the trend is favourable and are awaiting positive momo
Would be a shame not to hold psychological level S&P500
After the stage 4 decline comes the stage 1 base and we await for the stage 2 advancing breakout
Regardless of whatever harbinger, price leads nearly enough