GC dropped significant and fast from 846s highs completing the shark lvl1 @88.6 XC ret. (8141). The PA is currently on 127.2 ext of previous low with a possible long on this shark to 8222. However, a good structure (February lows) provides more support @805s where the shark lvl2 completes.
Discretion is advised since both entries long are technical correct.
Strategy I would use: Entry on 1st shark completion, looking for targets 819-822. Observing PA at these levels for signs of bullish continuation. If not present, closing pos. waiting for possible double bottom at 1st shark completion or entry lower on 2nd shark completion.
Discretion is advised since both entries long are technical correct.
Strategy I would use: Entry on 1st shark completion, looking for targets 819-822. Observing PA at these levels for signs of bullish continuation. If not present, closing pos. waiting for possible double bottom at 1st shark completion or entry lower on 2nd shark completion.