GOLD... you don't fall. But if you will, it will be epic.
From this price to above, every single dollar up is a potential reversal zone until 1840s...
Mega SHARK PATTERN extreme completion is in on the table.
Mega SHARK PATTERN extreme completion is in on the table.
Trade active:
The price has broke down the ascending channel and did a small retracement down of about 14$ but it may looks as a retest of the broken up structure (big blu triangle structure).
So, now we have two scenarios, the first one that it continues down retracing at least 23.6% (our first target) and a second where we easly can back up to 1824 (a.618 XC ext.) or above to 1836 - 1840 (2.24 / 2.27 BC ext.).
The price has broke down the ascending channel and did a small retracement down of about 14$ but it may looks as a retest of the broken up structure (big blu triangle structure).
So, now we have two scenarios, the first one that it continues down retracing at least 23.6% (our first target) and a second where we easly can back up to 1824 (a.618 XC ext.) or above to 1836 - 1840 (2.24 / 2.27 BC ext.).
Trade active:
Trade active:
4hr charts shows that price is trading above the previous structure just broken (big blu triangle), and looks like is consolidating here into a big descending wedge (2 yellow lines).
If it does not go back lower to levels of the previous structure (below 1782) with a daily close, so on the contrary, it is easy that it will consolidate in the next days inside that wedge to break it up and then will continue to climbing upwards.
Take care with your opened short position, manage them!
Good luck to all.
4hr charts shows that price is trading above the previous structure just broken (big blu triangle), and looks like is consolidating here into a big descending wedge (2 yellow lines).
If it does not go back lower to levels of the previous structure (below 1782) with a daily close, so on the contrary, it is easy that it will consolidate in the next days inside that wedge to break it up and then will continue to climbing upwards.
Take care with your opened short position, manage them!
Good luck to all.
Trade active:
This is the daily chart view:
looks like as a perfect test of the previous structure which does not suggest an inversion, but the opposite, a continuation towards the top.
looks like as a perfect test of the previous structure which does not suggest an inversion, but the opposite, a continuation towards the top.
Trade active:
This is a potentially expectation (it' my own personally view):
if we don't close below 1782 with a daily in next 2 days, beyond the 2.24 extension (last potential PRZ), this shark will be failed.
if we don't close below 1782 with a daily in next 2 days, beyond the 2.24 extension (last potential PRZ), this shark will be failed.
Trade active:
added more short at the kiss of the big 88,6% fib line (1820,xx)
now i'm looking if it will goes to complete the pattern
added more short at the kiss of the big 88,6% fib line (1820,xx)
now i'm looking if it will goes to complete the pattern
Trade active:
Comment:
The price has just hitted the 1.618 main extension of XB range. Thats was another sell limit on this Shark. Last sell point (potential PRZ) will be at extension 2.24 of BC, around 1838
Trade active:
Comment:
Last potential PRX reached, last sell limit triggered.
Comment:
PRZ*
A breakup of the green triangle (and yellov descending wedge) may the a signal of a pull up. Breaking down means probabily a down continuation.
In the first scenario we should have to hedge or close positions and look for new highs