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AleMeo97
May 12, 2022 7:59 AM

Micro Gold Futures (45) Short

Micro Gold FuturesCOMEX

Description

Price pulls back into the major reaction leg out of a low. Runs down tests the low and pulls back into a minor.
Sellers step down to the outside bar down structure out of the high and make a relative LL confirming a minor reaction leg.
At the low buyers try to hold, sellers step down and press price off the cliff, through the low and confirm the press structure.

Buyers try to hold and pull back into the relative minor reaction leg at the press structure. Entry at the re-test of the multi pivot line out of the gap
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