3 outburst of bullishness. The first one was (first arrow) failed to break ma 1 and only managed to overpower bears for one candle, although bears werent back in control for long and bulls manage to create another spike, however the spike failed to break the trend or even get close to 1760 by being $5 off. After gold being pushed further down, bulls gave a large spike breaked through ma 1 but still failing to break 1760 and a large dip was formed. After the third spike we see the weakest spike. That brings us to the last two candles before the market closed. Right after the seond spike there was a small green candle that lead to a nice drop of $4. I believe this small green candle to drop is being recreated, or a potential new spike forming however the first green candle seems too small for a spike.
When seeing this opportunity for a nice dip I chose to short over the weekend ready for monday.
Please give me feedback becuase as I said im not very good at this clearly...
*NOT FINANCIAL ADVICE, I AM NOOB*
When seeing this opportunity for a nice dip I chose to short over the weekend ready for monday.
Please give me feedback becuase as I said im not very good at this clearly...
*NOT FINANCIAL ADVICE, I AM NOOB*
Trade closed: target reached:
Perfect drop, closed my short