A trade plan on pure technical indicators.
Research this one before trading it ... fundamentals are not strong.
It's highly speculative.
That said:
Back to the pattern...
Not a 3 drive to a bottom textbook pattern...
but if 0.50 is theeeee bottom I tend to live
with it's shape and fibs for the wolfe wave target.
3 confluence points at 0.50 is very rare and could point to a bottom or at least a technical bounce.
RSI and the EW indicator AO showing positive divergens already from primo dec....... Yes a "d" is missing in....need :)
Volume has surged the last 2 trading days... shorts are getting out!
I see gold being in a wave 4 pennant and going for 1050/70... but see (junior) miners bottom before gold.
Short term: Bearish
Near term: Becoming bullish if 0.50 holds and divergens still in place
Long term Unsure It's a scalp play!
Safe trading ladies and gents!
BLawrenceM
Research this one before trading it ... fundamentals are not strong.
It's highly speculative.
That said:
Back to the pattern...
Not a 3 drive to a bottom textbook pattern...
but if 0.50 is theeeee bottom I tend to live
with it's shape and fibs for the wolfe wave target.
3 confluence points at 0.50 is very rare and could point to a bottom or at least a technical bounce.
RSI and the EW indicator AO showing positive divergens already from primo dec....... Yes a "d" is missing in....need :)
Volume has surged the last 2 trading days... shorts are getting out!
I see gold being in a wave 4 pennant and going for 1050/70... but see (junior) miners bottom before gold.
Short term: Bearish
Near term: Becoming bullish if 0.50 holds and divergens still in place
Long term Unsure It's a scalp play!
Safe trading ladies and gents!
BLawrenceM
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
