now im getting carried away
코멘트:
We are right on schedule. Gap of death below being defended by bulls. Resistance above making their mouths water.
코멘트:
We can expect pullback here or at about 7.00 with ~5.50 being primary support. Expecting a breakout from the triangle after ranging for a few months.
코멘트:
Red lines in this chart are what im expecting for pullbacks
코멘트:
You could TP on these price points but I'm planning this as a longer hold to play the triangle break out. I may take some profits around the 7$ range.
코멘트:
So I'm expecting us to range here between ~5 and 7 until an upside breakout of the triangle is too appealing to the bulls. Trading the breakout, so this means I will accumulate as we range.
코멘트:
We are in important location here. Needs to stay on the trendline and close today around 4.9
코멘트:
After weekly close we are right at the bottom trend line. We could test 4.79 or even 3.5, but I think its more likely we test 5 or even consolidate above 5 as we continue to range.
코멘트:
4.79 being tested now
코멘트:
Defended. Now watching 5.50. If we break above it, expect more impulse up. If we reject from that level, time to continue ranging.
코멘트:
Also, earning reports coming in 2 week.
코멘트:
Moment of truth for the bulls. Will 4.78 hold and bring us back to moving average of 4.9, or will we reject from here and go down to our lows at 3.5
코멘트:
Look at us riding along the trendline nicely. Springtime break-out is what I'm expecting for this trade.
코멘트:
I expect a pullback at 6.33, around there ill sell 20% of my position and load back up on the dip. Cheers
코멘트:
We are continuing to range right along the trend line. The longer this gradual upward pressure happens, the more likely we see a break out in the Spring or Summer.
코멘트:
Caronavirus playing with this trade. Setting my stop at 3.30, expecting a big bounce at 3.50
코멘트:
Stock market looks too corrective. Trade closed and re allocated to gold.