Hello.
This will be the same chart layout as posted before:
But I want to explain more about what we have here.
I was waiting for this scenario but it did not happen till gold hit 1160.
Friday close price was 1177.4 and this is what I am looking for!
postimg.org/image/3sess5yor/
What we can see is that all 3 transitions ( marked in yellow ) are below ( lower ) than close price.
It is a good bullish sign that ads up to my dynamic templates.
First time we got this picture was on Thursday last week when finally all 3 transitions align under close price and you saw that even on NFP gold was rejected up from that block.
Friday close price provide the same situation for Monday ( today ).
I added 3 green blocks on chart to visualise that we enter bullish intraday mode, where after every close price transitions align under close price providing good bullish setup.
Interesting that when gold hit 1170 and reverse, after close price transitions were still above, but now suddenly there is something with 1160 and transitions float under close price indicating possible bottom process.
Only thing that ruins the picture little bit is marked in screenshot in Red you can see all these 3 levels align at the same place creating somewhat strong level and even if gold go above it it is still not that good. So on Monday ( today ) we have to be careful with this level, that is ruining the party here.
But as far as we are getting bullish transitions under each close price every day it is good sign.
I am holding tight here.
This will be the same chart layout as posted before:
But I want to explain more about what we have here.
I was waiting for this scenario but it did not happen till gold hit 1160.
Friday close price was 1177.4 and this is what I am looking for!
postimg.org/image/3sess5yor/
What we can see is that all 3 transitions ( marked in yellow ) are below ( lower ) than close price.
It is a good bullish sign that ads up to my dynamic templates.
First time we got this picture was on Thursday last week when finally all 3 transitions align under close price and you saw that even on NFP gold was rejected up from that block.
Friday close price provide the same situation for Monday ( today ).
I added 3 green blocks on chart to visualise that we enter bullish intraday mode, where after every close price transitions align under close price providing good bullish setup.
Interesting that when gold hit 1170 and reverse, after close price transitions were still above, but now suddenly there is something with 1160 and transitions float under close price indicating possible bottom process.
Only thing that ruins the picture little bit is marked in screenshot in Red you can see all these 3 levels align at the same place creating somewhat strong level and even if gold go above it it is still not that good. So on Monday ( today ) we have to be careful with this level, that is ruining the party here.
But as far as we are getting bullish transitions under each close price every day it is good sign.
I am holding tight here.
Trade active:
Week has started off so success to every fellow trader out there.
Acc update since some people accuse me that I talk bs and don't hold longs.
postimg.org/image/60b8802lf/
lol
So as far as we are above this monday transition block it's all good
Acc update since some people accuse me that I talk bs and don't hold longs.
postimg.org/image/60b8802lf/
lol
So as far as we are above this monday transition block it's all good
Comment:
And as you can see Red marked levels 1185 are causing the problems now, overall it is bull problem when these levels are all at the same place indicating strong intraday block level, that needs powerful candle to push true it and stay above!
Comment:
If break the block we have possible bear TP's.
If break the block we have possible bear TP's.
Comment:
I will be honest I really care less here on intraday basis all these levels and price behaviour, and I would not bother myself monitoring this myself, but since there are people that care each pip and frequent updates I have to do this.
Take care.
I will be honest I really care less here on intraday basis all these levels and price behaviour, and I would not bother myself monitoring this myself, but since there are people that care each pip and frequent updates I have to do this.
Take care.
Comment:
If you paid attention to the screenshot of software in this description and if you remember how transitions work, then you just saw price break 1173.7 ( transition ) upwards and came down to test it, and got up, so now we need to do the same with 1175.
Let's see are we breaking 1175 upwards and testing it. Pay close attention to testback of 1175.. if price go 1176.5 and then come back to touch 1175.4 it is great recipe for bulls!
If you paid attention to the screenshot of software in this description and if you remember how transitions work, then you just saw price break 1173.7 ( transition ) upwards and came down to test it, and got up, so now we need to do the same with 1175.
Let's see are we breaking 1175 upwards and testing it. Pay close attention to testback of 1175.. if price go 1176.5 and then come back to touch 1175.4 it is great recipe for bulls!
Comment:
One more great thing I like is that Gold completed Intraday AFT ( absolute Fibo trade ) targets, sell was indicated from 1176 to 1171 what gold complete. It is great that there is a rejection after completion.
postimg.org/image/n47ed0b5t/
Next AFT sell starts only at 67 and at that point it is providing a support zone and ads up to transition levels.
Long story short, it is always better to complete intraday Bearish AFT first than bullish.
I am done with follow ups for now, as I have to get sleep and answer to all 316 PM in TV so far that I get during weekend, u are crazy, I will need to hire assistant soon, lol!
Trade with care and let's see where the price leads us!
See you on EU session!
postimg.org/image/n47ed0b5t/
Next AFT sell starts only at 67 and at that point it is providing a support zone and ads up to transition levels.
Long story short, it is always better to complete intraday Bearish AFT first than bullish.
I am done with follow ups for now, as I have to get sleep and answer to all 316 PM in TV so far that I get during weekend, u are crazy, I will need to hire assistant soon, lol!
Trade with care and let's see where the price leads us!
See you on EU session!
Comment:
Before I go, last update.
Now great recipe is to come down and test it and then up to break higher.
If we go up without testing 1175.4 not good as we come back to it anyway then.
Cheers.
Now great recipe is to come down and test it and then up to break higher.
If we go up without testing 1175.4 not good as we come back to it anyway then.
Cheers.
Comment:
Ignore the previous update, price already broke 1175.4 by going to 1176.4 and already came back to 1175.4, so no need to visit it as per rules!
Sorry. Bulls, do the job now, you have the recipe.
Sorry. Bulls, do the job now, you have the recipe.
Comment:
Bullish problems may occur
Comment:
Comment:
Comment:
Writed this today morning and again it come true:
postimg.org/image/6v8lyg54l/
1185...
postimg.org/image/3sess5yor/
3 waterfall levels.
postimg.org/image/6v8lyg54l/
1185...
postimg.org/image/3sess5yor/
3 waterfall levels.