Nothing has changed based on the previous idea other than small nuances to look for.
Like stated Phase to Phase, timing is completely Gone.
I want to see Gold without touching 38.2 of the lower phase slowly go up, that would lead us to 61.8% higher ( you know the rules )
Watch the behavior, If we get slow climbing up, definitely expect a sharp move down, I think whether slow or fast, we will still get the down move.
I would either buy now and close the position around 1530 and start building sells, either be on the sidelines on the move up because We look for better trade, which is selling.
Also keep in mind, if we break 1534 - Previous High, even by a pip and then fall, don't look for big sell setups as that means we will make a new high again and most probably a transition cycling will take place again. If the sharp move comes below 1534 that is a different story.
Pretty much once again this should work like shown here:
Like stated Phase to Phase, timing is completely Gone.
I want to see Gold without touching 38.2 of the lower phase slowly go up, that would lead us to 61.8% higher ( you know the rules )
Watch the behavior, If we get slow climbing up, definitely expect a sharp move down, I think whether slow or fast, we will still get the down move.
I would either buy now and close the position around 1530 and start building sells, either be on the sidelines on the move up because We look for better trade, which is selling.
Also keep in mind, if we break 1534 - Previous High, even by a pip and then fall, don't look for big sell setups as that means we will make a new high again and most probably a transition cycling will take place again. If the sharp move comes below 1534 that is a different story.
Pretty much once again this should work like shown here:
코멘트:
***Fibs from 23.6 to 78.6 ***
코멘트:
One can try buying Gold with Target 1530. Silver same story but a little bit different in some nuances.
액티브 트레이드:
Let's try the Buy. Gold Opened Gold 1509.51
액티브 트레이드:
Silver 17.108
코멘트:
The target for Silver 17.433
Gold 1530
Gold 1530
코멘트:
I rarely use SENTIMENT as a call for buy + we went lower than 38.2 on opening, but I do think we could crawl our way up:
prnt.sc/ouco32
prnt.sc/ouco32
코멘트:
Not sure about you but I'm still in the Gold buy and Sell, but the situation has changed. Chances that we get the move to 1530 are slim because of the first move down. The sharp move down should come but from a lower level.
But you cannot go higher than that. You could go 6 baseline length on EURUSD or USDJPY for example, but for gold, the biggest length you can get is 3 without breaking the rules. On Silver, it's 5 and on Silver Fibs are not reversed but upside down compared to gold.