📍 Equity Liquidations
Feb/March 2020
Gold buyers now hold a solid position, since the break of 1750 our opposition has been trying to get blood from a stone. The solidity behind the bull case has been so strong to date and it shows in itself the fact that 'everything is not roses' despite how the politicians and media sell re-openings and activity data.
The highs cannot be ignored here, we have been tracking the $1,900 target together and came +/- within crumbs yesterday but failed for the official tick.
The break.
The move is still premature on account for those wanting to swing into the $2,000's and beyond. Challenging the bull case here is deflation and liquidations in equities.
Retail have been sent into the wilderness, which in no way can turn into the Edenic garden they hope for. Note how the original 5 wave sequence started in 2018 when we traded live the assault from the lows:
Buyers have had the upper hand ever since, sellers are hoping to prevent for as long as possible the annoying move to all time highs. In order to liberate the $1,900 highs buyers will need to pullback and allow equity liquidations to take place and secure the required energy.
So those looking to take shorts in the same way we switched sides earlier in the year, we can calmly finish our profit taking from longs and look for the appropriate welcome of offers into the book. Note how we are combining defence at soft resistance and ONLY aiming to attack when we see a closing BELOW yesterdays low (1865.xx in spot). To put simply, we are outguessing profit taking in and the strategic start of wave 4 which will last into September.
As usual thanks for keeping the feedback coming 👍 or 👎
Feb/March 2020
Gold buyers now hold a solid position, since the break of 1750 our opposition has been trying to get blood from a stone. The solidity behind the bull case has been so strong to date and it shows in itself the fact that 'everything is not roses' despite how the politicians and media sell re-openings and activity data.
The highs cannot be ignored here, we have been tracking the $1,900 target together and came +/- within crumbs yesterday but failed for the official tick.
The break.
The move is still premature on account for those wanting to swing into the $2,000's and beyond. Challenging the bull case here is deflation and liquidations in equities.
Retail have been sent into the wilderness, which in no way can turn into the Edenic garden they hope for. Note how the original 5 wave sequence started in 2018 when we traded live the assault from the lows:
Buyers have had the upper hand ever since, sellers are hoping to prevent for as long as possible the annoying move to all time highs. In order to liberate the $1,900 highs buyers will need to pullback and allow equity liquidations to take place and secure the required energy.
So those looking to take shorts in the same way we switched sides earlier in the year, we can calmly finish our profit taking from longs and look for the appropriate welcome of offers into the book. Note how we are combining defence at soft resistance and ONLY aiming to attack when we see a closing BELOW yesterdays low (1865.xx in spot). To put simply, we are outguessing profit taking in and the strategic start of wave 4 which will last into September.
As usual thanks for keeping the feedback coming 👍 or 👎
액티브 트레이드:
👀 on 1970.x
코멘트:
We overshot the highs in the summer lull, light liquidity and empty ladders opening up the huge swing:
