Plan see chart. But I feel unless 500 is taken out quickly, price can be choppy.
As said yesterday S1 probability is low. If TLT can not hold white channel bottom today and tomorrow. S2 chance will decrease meaningfully. S3 will be invalidated once lost daily cloud bottom. In this case, 139 will likely be retested.
Given financials showed signs of life and if DXY bottomed, there will be a double kill to gold in short term. I would use 2018 for trigger to short.
This is not a good sign for TLT. The chance for S1 decreased meaningfully. Long financials while be prepared for S2 and S3.
Will the upper line stop it? Just be aware of that and stay long.
Seems like both GLD and TLT have good chance for a great run.
I seriously think 529 should adopt crypto...
First of all, monthly it's approaching channel bottom as well as monthly cloud top. Then looking at weekly, it's clear that higher volume formed a much smaller red body. Clearly there were buyers stepped in. But does that mean a bottom is in? Not necessary. I am looking for reversal sign on a weekly basis. However, in order not to miss a best entry, one has to...
Looks like forming a triangle. Nonetheless the important thing is consolidation above the break out line. So stay long.