The GC one hour time frame is in a short term
down trend. The market is making lower lows
and lower highs. The market is hitting the long
term up trend line from the daily time frame
which means the buyers have a strong chance to
take control and push the market up. It will be a
good idea to wait for the market to enter into
the buy zone and break and close above the short
term down trend before looking for buying ideas.
Entry: Counter trend line break bullish in
the buy zone.
STOP In the sell zone
LIMIT: 1977.4 Once of if the bullish trend starts
on the one hour time frame, we can use up
Fibonacci's to find a closer limit
Once or if the market enters into the buy zone
off the one hour time frame. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination trader
long opportunities towards the daily limit
price point 1977.4
down trend. The market is making lower lows
and lower highs. The market is hitting the long
term up trend line from the daily time frame
which means the buyers have a strong chance to
take control and push the market up. It will be a
good idea to wait for the market to enter into
the buy zone and break and close above the short
term down trend before looking for buying ideas.
Entry: Counter trend line break bullish in
the buy zone.
STOP In the sell zone
LIMIT: 1977.4 Once of if the bullish trend starts
on the one hour time frame, we can use up
Fibonacci's to find a closer limit
Once or if the market enters into the buy zone
off the one hour time frame. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination trader
long opportunities towards the daily limit
price point 1977.4
