NtuitiveTrading

GLD - Bull Trap

Short
AMEX:GLD   SPDR GOLD TRUST
Not gunna lie, this position makes me sad.

But when the charts change, my mind changes too

Classic bull trap here. Its consolidating before its next leg down. I think it is going to retest the lower boundary of the parallel channel .

Thanks
Trade closed: stop reached: Closed after it failed to make a new low

Comments

exceptional analysis, keep it up.
+1 Reply
@abel11, Thanks for following.
Reply
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