tntsunrise
Short

Gold Update: Triangle and Fib Level

FX:XAUUSD   Gold/U.S. Dollar
13746 118 187
6 months ago
Gold             Update:
After the NFP, we take profit of the
1200 Long position at 1244.
Now what I see is Gold             is forming a Big
Tri-angle, with a potential rally up to the Edge
of the Tri-Angle.
Use the Structure and Fib Level
to help us identify where will the rally ends?
1263.87 is the Critical Price Level
I would be very interested to watch the price action.
Pay attention to the blue trend line as well
1220.50 will be a very good Target
5 months ago
Comment:
snapshot

A trend continuation Pattern is targeting 1263 the 0.618 level
5 months ago
Comment: Tomorrow There will be a live webinar
23:00 PM in Singapore
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16:00 PM in London
www.yy.com/15565863
Recommanded to use CHROME as your browser
try not to use firefox.
I will cover some pairs in the webinar
and give an introduction of my weekend's course.
http://harmonicasia.com/pro-trader-course/
5 months ago
Comment:
snapshot

It's coming!
1263.87, Look For Pin Bar or any bearish Pattern!
5 months ago
Comment:
snapshot
5 months ago
Trade active:
snapshot
5 months ago
Comment: Already in money for 60 pips
5 months ago
Trade closed: stop reached: Makes new high. exit first.
Join Projack's Student Group, Learn How to Trade Professionally.
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Rayge
6 months ago
same view, but it may retrace 1220 to retest, or up directly to 1263 and then
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tntsunrise TOP Rayge
6 months ago
yup. if i want buy gold, i will wait 1200 again.
+3 Reply
livethedream
6 months ago
Thanks for the head sup Jack.
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gfknn5
6 months ago
Thank you Jack,
nice predicted
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AlekseiBoltunov
6 months ago
You are the best.
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bunah2
6 months ago
Jack,

Please look at 240 min, there is bearish candle (Pin) around 1250 was created early , which Gold started to drop from it. Do you think it will go up to 1263?
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tntsunrise TOP bunah2
6 months ago
i dun know. what I know is i want to short if price go there
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tntsunrise TOP
6 months ago
snapshot
+13 Reply
bunah2 tntsunrise
6 months ago
Thank you so much Jack for your explanation.
+2 Reply
Bayron2304
6 months ago
So I guess we can conclude that your "GOLD STILL BEARISH sell the pullback" chart is invalidated? I'm a bit confused because this chart and your "sell the pullback" chart contradict each other, so what do we do now?
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tntsunrise TOP Bayron2304
6 months ago
of course you follow the latest one.
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MichaelNweke
6 months ago
Thank you Jack. Your analysis really help
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KulwinderVirdi
6 months ago
jack, you are really expert.
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Proph1t PRO
6 months ago
i love your technical posts especially the more complex patterns like gartley, libra etc.
thank you for all your posts, keep going!

i think we are in a box pattern bordered by fib retraces
gold box pattern
+1 Reply
Proph1t PRO
5 months ago
i think you are hoping for abcd pattern such as the image below. 1220 would probably be target price 1, since it would not follow elliot waves, which would put target price 2 at 1182 (the final target). just my opinion. i love and respect your work, just trying to provide another perspective.

possible abcd forming
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Trendhopper PRO
5 months ago
awesome...your Gold record is best i've seen on here, so hope you are right again
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Trendhopper PRO
5 months ago
I worked out a fib of 61.8% targets 1255 (which is also trendline)..using beginning of wave 1288.....how do you know where to calculate a fib, i find this confusing..is there a rule you follow to always take the highest point as you have at 1304...
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tntsunrise TOP Trendhopper
5 months ago
yes.that is my rule.
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Trendhopper PRO tntsunrise
5 months ago
thank you..
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Zohaib_Malik
5 months ago
GOLD BUY SETUP
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tntsunrise TOP Zohaib_Malik
5 months ago
eh. looks like ani's style. could you answer one question ? buy the break out, buy high ? or buy retest? where is the stop loss?
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Zohaib_Malik tntsunrise
5 months ago
Buy the pull back. Stop at 100% of the fib
Reply
tntsunrise TOP Zohaib_Malik
5 months ago
this make sens, so 100% of fib is the the candle which breaks out?
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Zohaib_Malik tntsunrise
5 months ago
No, The last low of the trend before the breakout!
Reply
tntsunrise TOP Zohaib_Malik
5 months ago
very easy to say: BUY THE BREAK OUT. but quite hard to convert it into a real trading plan.
+2 Reply
Zohaib_Malik tntsunrise
5 months ago
I do this all the time in my real trading account, Hard for those who don't know how to do
Reply
JohnQuid PRO Zohaib_Malik
5 months ago
Jack is saying that anyone can draw a chart that is clear for himself, but less or totally unclear for people that have to trade it.
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Zohaib_Malik JohnQuid
5 months ago
But anyone can see the direction in the chart clearly now he has to use their own strategy to trade the direction
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Trendhopper PRO
5 months ago
This is maybe a butterfly? 1263/1220/1304 ????
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bunah2
5 months ago
Thanks Jack
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AlejandroCL7
5 months ago
Hello! great work! any thoughts on this?
https://www.tradingview.com/chart/nvhM26YK/
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AlejandroCL7
5 months ago
https://www.tradingview.com/chart/nvhM26YK/
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AlejandroCL7
5 months ago
Sorry, cant seem to post the right chart. Im refering to the HS on a daily chart of XAUUSD
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Pietro82
5 months ago
preparing to short....
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Sakakikunmakio
5 months ago
Hi TNT... Can I short now?
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tntsunrise TOP Sakakikunmakio
5 months ago
do u see a bearish price action?
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rameshtekmal tntsunrise
5 months ago
what is your selling tp please
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fuqua
5 months ago
hi jack,
in which timeframe should we look best for a bearish sign ?
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tntsunrise TOP fuqua
5 months ago
i prefer 1h
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fuqua tntsunrise
5 months ago
excellent thank you, i hope ill be able to attend your webinar today, otherwise ill make sure to check out the recording !
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Amin.Wafa tntsunrise
5 months ago
hi I am new in trading please can you help me where will be the SL after entering short??
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IAmAgainst Amin.Wafa
5 months ago
The logical procedure for me would be closing the sell if if closes above the trendline, with volume.
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mlbo
5 months ago
Guys, gold is a cunning market. place your SL wisely with some extra pips.
+1 Reply
Sakakikunmakio
5 months ago
So which point the best for short?
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Flazedude
5 months ago
short active: from 1263.81
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val_trader
5 months ago
now 1265.75! Is this model still valid ?
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Amazing works.
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iamgift19
5 months ago
Exactly touched 1263.8!! Do we enter Short here?
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earthkamol
5 months ago
Can still short?
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Flazedude
5 months ago
I've entered, I had a pending order according to my trade plan, SL at around 1272 - 1275.
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val_trader
5 months ago
Now it's coming down! Time to enter short ?
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Mr.Js
5 months ago
it's time to correction (bearish)
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Dps
5 months ago
retracing..1260.34...
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gfknn5
5 months ago
smart predicted!!
Thanks Jack
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Trendhopper PRO
5 months ago
There is resistance to left of spike at 1262...it may not go to 1264 as its bearish.
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sititin
5 months ago
are you in gold short already? or waiting for another red (3rd) candle for confirmation?
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arianto
5 months ago
Jack what do you mean by two try rule?
+1 Reply
Trendhopper PRO arianto
5 months ago
He means a double top...you can short on the 2nd high...only it looks like the 2nd top was at 1261..which means its being shorted heavily...you can still enter trade on a pullback...when you get a green candle...look for trendline pattern...
+2 Reply
arianto Trendhopper
5 months ago
thanks
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livethedream
5 months ago
Thank you for the heads up Jack
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hir0406
5 months ago
have you find any berish patter because i dont see sellers are coming with force to defend 1262-1265$ range. markets is like going in like side ways.......
+1 Reply
rippy83 PRO
5 months ago
anyone opening short here....i am already short and trying to decide if I should keep it!
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IAmAgainst
5 months ago
Are we sure it´s bearish? It got back inside the old range it had previously broken..

snapshot
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SupraBoy IAmAgainst
5 months ago
Wait till everyone here screams about their short losses, then you know for sure that gold is back inside the old range. It will be soon.
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Beerus IAmAgainst
5 months ago
Nobody knows if it's bearish or not, the only thing I know is when I see a bearish signal I'm in. You can't predict the chart the only sure thing you have to know is what your trading plan is.
+2 Reply
tntsunrise TOP Beerus
5 months ago
nice saying!
+1 Reply
fuqua
5 months ago
Jack, we have a hammer in the 4h chart, that is a very bearish sign is it not?
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Satoshi23
5 months ago
I admire your patience Jack! I am waiting for the second try to enter short,i hope you put a comment when your trade is active.All the best!
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tntsunrise TOP Satoshi23
5 months ago
patience is important. i entered at the 2nd try
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Sharime
5 months ago
I see the Hammer on H4 too guys.
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tntsunrise TOP Sharime
5 months ago
good. trade what you see
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Simon_says
5 months ago
Hi Jack, in my opinion XAUUSD generated textbook formation of shoulder-head-shoulder. What do you think?
shoulder-head-shoulder
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DipenBarot Simon_says
5 months ago
yes bro
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tntsunrise TOP Simon_says
5 months ago
that is only potential HS. HS only be completed when the neck line is broken
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Simon_says tntsunrise
5 months ago
Of course it's only potential SHS pattern.

However, in theory second shoulder should equalise with the first one.

So, in this case it would be 1284$
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kmk.msp
5 months ago
tntsunrise your target is 1220 or 0.618 fib of 1200 and 1265?
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Trendhopper PRO
5 months ago
Hi Jack, nice work, I entered on 2nd try to @1263...please explain divergence, surely if price is high at 1266 then RSI should be also very high and this gives confidence to enter trade, surely if price is very high but RSI is not very high then risi is saying price could go higher and we should be careful, if RSI is not telling truth then why have it?
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DanielAnthony Trendhopper
5 months ago
hi, what is your setting for rsi? in my chart, i got CCI(14) bearish divergence on H4 couple hours ago
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Trendhopper PRO DanielAnthony
5 months ago
I can go upto 200 observation period (days I think it means), but it doesnt tell me about divergence just gives a reading of 0-100, asnd there isnt a divergence indicator, there is standard deviation but not sure what that means, what number shouldl i put in observation period? I use plus500, probably not the best, met4trader seems to be very popular on here, please help,,,,,thanks
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DanielAnthony Trendhopper
5 months ago
tbh i don't understand, hope there is someone can help you :) but this is the chart i mention, look at the yellow divergence line, hope it helps

http://imgur.com/zIeSlSg
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Trendhopper PRO DanielAnthony
5 months ago
Now I understand!!! Thank you DanielAnthony....
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DanielAnthony
5 months ago
tag me when it's time to grab all the profit hehe xD thankss
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EmalbansFx
5 months ago
Please where is the expected TP for the shorts?
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MiDiGre PRO EmalbansFx
5 months ago
1225
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mabaert PRO
5 months ago
restraining myself to jump in this trade. Fibo level at 161,3, and at same time retest of trendline. Hope this is a good entry for shorts
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Miz
5 months ago
Entered :)
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fxmoneycontrol
5 months ago
i think u lost last few oil trades and eurjpy trades,but it looks like this trade will giv u big pips,u r trading style is really good when u loss losing 40-50 pips when u again 500-1000,good trading,i am in at 1263 waiting for ur tp to hit
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Miz
5 months ago
exploding up now!
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Miz
5 months ago
sl at 1267.5?
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IAmAgainst
5 months ago
Maybe it stops at the rising trendling, giving a nice double top to sell, but for now it broke the flag with volume..

snapshot
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MoLee IAmAgainst
5 months ago
now it makes a head and shoulders pattern.
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IAmAgainst MoLee
5 months ago
Doesn't the head have to touch the neckline twice for it to be a H&S?
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MoLee IAmAgainst
5 months ago
yeap it does touches.
snapshot
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IAmAgainst MoLee
5 months ago
I get it, I thought you were saying that this up move was the right shoulder, sorry.
+1 Reply
kak6190 IAmAgainst
5 months ago
what do you expect?
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IAmAgainst kak6190
5 months ago
I'm not sure it's respectful to have a secondary thread on somebody else's post but what I was expecting is it to bounce inside the (unmaterialized) range I projected in my chart and then break upwards, so I went short at 1264 targeting the bottom, not 1200 as some say, with the idea of going long there. I didn't expect his explosive movement..
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Miz
5 months ago
wow, what is with this explosive move up?
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Dps
5 months ago
166,5
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Miz
5 months ago
stopped out
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TAtrader
5 months ago
Long! :)
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IAmAgainst
5 months ago
Not to be stubborn but rsi divergence is still there..

snapshot
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Loii
5 months ago
We going to $1300+
GOLD BOUNCE OFF KEY SUPPORT LINE - bull
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Rocketman PRO
5 months ago
Warren Buffet bought gold and gold miners. Maybe others are following suit. It is interesting what he says. It doesn't mean he will be 100% correct, but we should prepare for the worst and be ready to buy or sell.
+1 Reply
hir0406
5 months ago
is this proper dignoal on 1hr chart of gold?
snapshot
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Arditi
5 months ago
https://www.tradingview.com/chart/?symbol=XAUUSD
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Arditi Arditi
5 months ago
Sorry this one
https://www.tradingview.com/chart/YvvLhcHW/
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IAmAgainst Arditi
5 months ago
To share a chart image it's best to use the snapshot tool at the bottom and place the copied link:

http://s33.postimg.org/t2fem4ryn/snaptool.png
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Arditi IAmAgainst
5 months ago
Thank you.
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hir0406
5 months ago
or can it do like this and retrace back from 1280?
hey jack can you agree on this??
snapshot
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fxmoneycontrol
5 months ago
jack i think u need to do some hard work on stoploss,as u see all ur last trades whiich was triggred stoploss,all trades reversed after your stoploss,i am not blaming your trades,but check your stoplosses
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IAmAgainst fxmoneycontrol
5 months ago
Wouldn't that mean that the entry point is what should be improved, rather than the stop? Anyway, my stop is a price action contrary to my initial prediction, rather than a specific value that can be touched and immediately reverse. I I were to buy, I'd wait for a pullback, right? So if I'm going to wait for a pullback to buy, I'm also using that pullback to close the loosing sell, rather than closing it at the highest point.

The problem is that when one has a loosing sell and price pulls back, one tends to think "Well, I was right after all, it's going down" when it's actually an opportunity to get out.
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fxmoneycontrol IAmAgainst
5 months ago
lets see what will happen with gold now jack stoploss triggred it will revrese or continue to go up,
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IAmAgainst fxmoneycontrol
5 months ago
I like hir0406's graphic, I can't believe I missed it, we all did. The bottom of that wedge would be a nice place to get out and, who knows, maybe it breaks it and goes to 1235 as first target. If I wasn't already short with loss I'd open a short now.
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Whis fxmoneycontrol
5 months ago
lose small, win big, without a trading plan you're just gambling...
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watsonzou26 fxmoneycontrol
5 months ago
I tried to short gold at 1270....
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FXROB
5 months ago
Yes sometimes it does not work.....
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northportsmokes
5 months ago
Jack love you technical analysis. I wish you post more often when things are not going right. As you know we look up to you and your knowledge of technical and expert analysis. THANK YOU.
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Boumrah
5 months ago
are you still short sir ?i will wait for a breakout.
SELL THE BREAKOUT
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