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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.