Too much noise under last idea. We can count this as part 2.
Yesterday part 1 ened up with meh...
Today big players , HK , Japan is back in the game, so we def will see some action.
I am still more in favour for sell, but I can be wrong.
If yesterday 64 was like a rock, today it cleared out a little, but still, given the fact that
now daily MHI and Weekly MHI both are above close is not the best sign.
I will update on opening with my actions.
Wait for clear break to be safe. I am still more for a sell.
If you are man enough and can deal with BE if that happens. Then keep it open!
Sometimes no position is the best position, is what they say!
I will wait for clear thing to happen!
For now let's wait.
Daily swing low is completed so if we break down to enter new one. I hop in again!
Big players are back in the game HK and Japan! Gold should have breakout.. for me this still looks weak since still below 64 guys! Tech is not pointing out any reasonable buy as well again below 64!!
If broken ( finally ) then I give up the bear..
I totally forgat about transistions here.. wtf
I see you got confused with Transition meaning.
Transition here was basically an entry / gate in bear daily swing..
So it touched the entry.. I hope it goes back.. otherwise I am so mad I didn't notice this.. So if it goes down.. I lost a good entry, since I need to re-short since I closed my previous 64 shorts!
Look at the left.. Transitions!
Lower red ones represent Transition for sell
Blue ones represent buy transition..
At this case sell transition was in area of 1261 1262..
And look what happened!
this is ridiculous! This is what you get with sleeping 4 hours a day! Total BS
If this breaks 55 then we look for entry.
I hope it does it right now, so you get the entry guys!
If it breaks transition and goes straight doen without testing it back.. it means it will want to return back.. so in this case buying later is very very good..
If market breaks transition and tests it, it shows you sign that bro's and gals, I don't want to go up here.. just saying.. is how I read the market.. Feel it.
Cheers.. monitor it now.
56 has to be met..
If keeps dropping, I will look for a buy!
Let's see what's next.!
SSI is very handy tool!
Signal is bearish because majority is Long.. so in these cases we can expect Shakout, which means Gold dump, to stop out majority of longers, this is how they make money.
It is not always like that, but 90% of cases this is working very fine!
So basically we will be looking for good buy setups when majority is short.,
All clear my friend?