Gold - The bullrun top happens now!✂️Gold ( OANDA:XAUUSD ) is heading for a major reversal:
🔎Analysis summary:
After the all time high breakout back in 2024, Gold has been rallying about +115% until today. During this entire move, Gold did not create any real correction. Considering that Gold is currently retesting a major resistance trendline, the bullrun top happens now.
📝Levels to watch:
$4,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Commodities
BIG Clue: USOIL Price Compressing Above ResistancePrice is currently compressing, and suggests that a strong impulsive move is likely once price strongly escapes the structure.
See how price has been pressing directly against the upper trendline. This is an area to pay close attention to because repeated tests of this descending resistance can weaken it over time. The recent bullish candles approaching the trendline show growing buying pressure, which increases the probability of an upside continuation.
So for me, a move toward the 62.00 level would be technically well justified and achievable.
The support zone below is a structural base for the entire formation. Price remained above this zone. The failed bearish attempts to push price back into this zone further support the idea that sellers are losing control.
The key confirmation for the bullish scenario is a successful retest of that same trendline as support. If price holds above it and prints continuation strength, a move toward 62.00 becomes the dominant scenario.
But if price instead gets sharply rejected and falls back inside the formation, another rotation toward the lower boundary of the triangle would become likely before any breakout attempt.
This chart is currently in a classic pre-expansion phase. The next impulsive candle will likely define the direction for the next big move.
Gold 1H – Will 4242 Displace or 4170 Unlock the Next Leg?🟡 XAUUSD – Intraday Smart Money Plan | by Ryan_TitanTrader (04/12)
📈 Market Context
Gold squeezes into engineered liquidity as Donald Trump signals policy authorization for ultra-compact car production in the U.S., adding risk-on volatility to USD narratives. Markets may front-run sentiment shifts into commodities like gold. Expect fast bilateral sweeps before institutions reveal intent.
On H1, structure toggles between premium supply at 4242–4244 and discount demand at 4170–4168. The next directional leg requires MSS + BOS + displacement confluence.
🔎 Technical Framework – Smart Money Structure (1H)
Current Phase = liquidity-rich compression at H1 extremes
Liquidity Zones & Key Triggers
• 🔴 SELL GOLD 4242 – 4244 | SL 4252
• 🟢 BUY GOLD 4170 – 4168 | SL 4160
Bias invalidation only via structure break + displacement validation.
Expected Sequence = Sweep → MSS/CHoCH → BOS → Displacement → Retest → Expansion
🎯 Execution Rules (unchanged methodology, matching your zones)
🔴 SELL GOLD 4242 – 4244 | SL 4252
Rules:
✔ Zone tap 4243 → bearish MSS/CHoCH (M5–M15)
✔ Clean bearish BOS down + candle displacement
✔ Entry on FVG fill or OB retest after displacement
Targets:
1. 4200 – 4190
2. 4182 – 4176
3. 4170 – 4168
🟢 BUY GOLD 4170 – 4168 | SL 4160
Rules:
✔ Sweep under 4169 → bullish MSS/CHoCH + BOS up
✔ Displacement candle away from discount
✔ Wick rejection into FVG fill / OB retest confirm
Targets:
1. 4186
2. 4210
3. 4242+
⚠️ Risk Notes
• Both sweeps = traps until BOS + Displacement confirms intent
• No averaging inside compression
• SL = structural invalidation only
• Reduce size during headline-driven spikes
📍 Summary
Two institutional paths today:
• 4243 sweep → bearish MSS/BOS → retest → delivery into 4170
or
• 4169 sweep → bullish MSS/BOS → retest → expansion into 4242+
Trade the structure. Let price narrate the intent. Patience = edge. 🚀
📌 Follow @Ryan_TitanTrader for daily Smart Money breakdowns.
GOLD MARKET UPDATEHey Everyone,
As we close out the week, price action on the 1 hour chart continues to consolidate within the defined Goldturn range between 4193 and 4233. The 4193 weighted Goldturn has held as a structural support level, generating the rebound that carried price back into 4233.
Earlier in the week, we observed a cross and lock above 4233, which leaves the 4275 gap unfilled. This upside inefficiency will remain on our radar as long as price holds above the mid range structure.
We will return Sunday with a full multi-timeframe breakdown and detailed trade tracking plan for the upcoming week.
Mr Gold
Gold completes its corrective phase and heads toward $4,250OANDA:XAUUSD is moving within a remarkably well-structured ascending channel, and the overall market structure clearly highlights the strength of the buying momentum. Each swing produces higher highs and higher lows, confirming that the bullish dynamic remains intact despite a few natural pauses along the way. The recent pullback looks more like a healthy technical breather than a sign of weakness, often the kind of pause that sets the stage for a new upward acceleration.
The price is now approaching a key support zone, where the lower boundary of the channel aligns with a previously proven demand area. If the market reacts here, buyers could find a highly favorable re-entry opportunity that aligns perfectly with both the channel structure and the logic of the current trend. In that scenario, the natural upside target is around 4,250 dollars, a level that combines the channel’s midline with a historical resistance, giving even more weight to this objective.
The bullish outlook remains valid as long as the price holds above the support zone and the ascending trendline. A decisive break below these levels would redefine the market context and open the door to a deeper correction, but for now, market conditions continue to favor long positions.
Stay disciplined in your market reading, validate your setups carefully, and protect your capital with strict risk management. Good luck.
GOLD Is Very Bearish! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 4,198.77.
Considering the today's price action, probabilities will be high to see a movement to 4,117.75.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GOLD → Consolidation above 4220. Bullish structureFX:XAUUSD is trading in a narrow range around $4,200, maintaining sideways momentum ahead of US inflation data. The market confirms a bullish structure...
The probability of a Fed rate cut in December remains at ≈90%.
Mixed US employment data:
– Jobless claims fell to their lowest level since September 2022.
– Layoffs in November reached a two-year high.
The key benchmark today is the PCE index for September (data delayed due to the government shutdown).
Gold is awaiting new signals on inflation. Range trading is likely until the release of PCE data, which may set the direction of movement ahead of the Fed's decision.
Resistance levels: 4238, 4262
Support levels: 4220, 4183
If the bulls hold their ground above local support at 4220, we will have a chance to break through 4238 and retest 4262. However, a breakout of the trading range resistance could trigger a continuation of the rally towards the ATH.
Best regards, R. Linda!
Gold Buyers Lose Momentum as Correction Risks IncreaseHello everyone,
On the H4 timeframe, gold continues to face heavy resistance as it approaches the 4,225–4,235 USD zone — an area that has repeatedly formed bearish FVGs and concentrated liquidity at the highs, causing every bullish attempt to be rejected. The latest strong bearish candle pushed the price below the equilibrium zone and dragged gold back toward 4,200 USD, clearly reflecting a more cautious market sentiment as buyers fail to maintain previous momentum.
From a structural perspective, gold is moving within a weakening sideways phase, consistently forming lower highs around 4,230–4,235 USD. This signals that buyers have lost their advantage, while larger players appear to be distributing positions at resistance. Although the price still trades above the Ichimoku cloud edge, consecutive candle closes below the equilibrium line are creating visible corrective pressure. This pattern is typical before gold attempts a deeper downward move to sweep liquidity beneath current levels.
The Volume Profile further reinforces this view. The dense trading range observed between 11–19 November has established a strong supply zone at 4,220–4,235 USD. Every time the price retests this area, immediate selling pressure emerges, showing sellers are defending the zone effectively while buyers lack the strength to break through. The combination of weakening structure, resistance FVGs, and a significant supply cluster continues to elevate the short-term correction risk for gold.
OIL Is Cheap For A ReasonOil is cheap because the global economy sucks! And it is "sucking" more and more every day. That's why Oil is on sale! Cheap! Cheap! And likely going to get more "cheap! cheap!" Me love you long time! Before I continue, story time.
In 2008, I could not convince anyone for the life of me that "PEAK OIL" was a scam! CNBC had T. Boone Pickens on twice a day, telling people we needed 238948735765374 barrels of oil to extract 1 barrel out of the ground.
Today, I can't convince anyone to skip EV, TSLA, AI, Crypto, the money has been made, GTFO. LOL!
As you can see, Oil is a much better long-term investment than all the hyped up trades pushed on to you daily.
Energy stocks make up about 3% of the S&P 500.
The Magnificent Seven circus? Roughly 36% of the entire index. LOL!
What are energy stocks going to do? Go to 1.5% of the SP500? Let it! Buy more!
BTW, you notice how they keep telling you AI will need all this energy? LOL! Wouldn't energy stocks reflect all that demand? LOL! SUCKA!
Anyway! Just look at the chart. If this makes sense to you and it fits your portfolio to BUILD a position long term, let me know in the comments. ;)
I have more on Oil here
THANK YOU for getting me to 5,000 followers! 🙏🔥
Let’s keep climbing.
If you enjoy the work:
👉 Drop a solid comment
Let’s push it to 6,000 and keep building a community grounded in truth, not hype.
XAUUSD Long: The 4,160 Support Holds – Path to 4,260 is OpenHello, traders! The price action for XAUUSD is currently developing within a well-defined ascending trend structure, supported by a rising major Trend Line from the lows. The market previously showed multiple rejections from the Triangle Supply Line, each marked by clear breakout attempts followed by corrective pullbacks. These reactions formed a sequence of higher lows, confirming that buyers remain in control of the broader structure.
Currently, after the last strong impulsive move upward, Gold reacted from the Supply Zone around 4,260, forming a short-term corrective phase while respecting the rising Triangle Demand Line near the 4,160 demand level. Price is now compressing between the descending supply line and the ascending demand line, creating a tightening triangle structure that signals growing pressure for a directional expansion. This compression reflects a balance between profit-taking sellers at resistance and aggressive dip-buyers along demand.
My scenario for the further development is bullish continuation as long as price holds above the Triangle Demand Line and the 4,160 demand zone. I expect a rebound from current levels, followed by a renewed attack on the 4,260 Supply Zone. If buyers manage to produce a clean breakout above this resistance, Gold may accelerate toward higher targets with strong momentum continuation. However, if the supply zone holds and price breaks below the demand line, a deeper corrective pullback toward the main rising Trend Line could develop. For now, the structure favors buyers, with the key focus on a breakout attempt toward 4,260. Manage your risk!
XAU/USD | Gold Update : Watching 4192 and 4240 Closely!By analyzing the #Gold chart on the 4 hour timeframe, we can see that price followed the previous analysis perfectly and hit the first target at $4240, even pushing slightly higher to $4242. After that move, gold pulled back and corrected all the way down to $4175. Right now gold is trading around $4192, which is basically a neutral zone with no clear direction yet.
We need to see whether price can climb back above $4240 again or not. One important point: if gold fails to hold above $4192 within the next hour, we might see another heavier drop. Keep an eye on the reaction to these key levels. I will update this analysis again soon.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
H&S Scenario on 4H | Jobless Claims could decideFX_IDC:XAUUSD H&S SCENARIO
Until Thursday morning, trader sentiment about another rate cut was around 80%-90% in favor, but the sentiment on the Gold price since the beginning of the week has been highly undecided 🤔 due to several economic data releases which were not strong enough to give Gold a clear direction.
Data: ( Actual | Forcasted | Previous)
Monday, December 1, 2025 🗓️
S&P Global Manufacturing PMI (Nov) 52.2 | 51.9 | 52.5 ⬆️
ISM Manufacturing PMI (Nov) 48.2 | 49.0 |48.7 ⬇️
ISM Manufacturing Prices (Nov) 58.5 | 59.5 | 58.0 ⬇️
Fed Chair Powell's speech omitted any important mentions of economic conditions or the rate cut process, focusing instead on the political processes surrounding the selection of a new Chair. 🏛️
Tuesday, December 2, 2025
CPI (YoY) (Nov) 2.2% | 2.1% |2.1% ⬆️
Wednesday, December 3, 2025
ADP Nonfarm Employment Change (Nov) -32K | 5K | 47K ⬆️
S&P Global Services PMI (Nov) 54.1 | 55.0 | 54.8 ⬇️
ISM Non-Manufacturing PMI (Nov) 52.6 | 52.0 |52.4 ⬆️
ISM Non-Manufacturing Prices (Nov) 65.4 | 68.0 | 70.0 ⬇️
U.S. President Trump Spokes about drugs and car costs mostly 🗣️
If the Gold price continues to decline past $4225 and reaches the Neckline support at around $4174 - $4179, then a further drop could send the price breaking through the Neckline and Gold could drop primarily to $4110, and secondarily down to the $4070 to $4020 mark. 📉
The Initial Jobless Claims announcement at 8:30 AM ET on Thursday, December 4, is expected to determine the next step for Gold and potentially provide a clear direction. 📰
If the actual Initial Jobless Claims figure is higher than expected, this could push Gold back toward the $4250 resistance level. ⬆️ Conversely, if the figure is lower, I anticipate the price will either fall or continue to trade sideways in the $4186 - $4225 range. ⬇️ ⚖️
The Initial Jobless Claims data may be ineffective in driving Gold's price due to the significant economic data releases scheduled for Friday, December 5. ⚠️
Core PCE Price Index (MoM) (Sep)
Core PCE Price Index (YoY) (Sep)
The technical analysis regarding the Head and Shoulders (H&S) pattern is primarily a trader-driven sentiment result. While it typically acts as a reversal signal following a recent uptrend, the pattern on higher time frames (such as the 4-hour chart) does not always offer a clear direction, and the price does not consistently follow its implications. Keep this in mind and monitor economic data releases closely.
My bias remains bearish until a clear market shift occurs.
Buy for Sell: $4200 - $4215
Late entry could be $4179 when Initial Jobless Claims look good.
Stop Loss: $4230
TP 1: $4167
TP 2: $4153
TP 2: $4116
TP 3: $4070
-------------------------------------------------------------------------
This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 4,223.82
Target Level: 4,205.21
Stop Loss: 4,236.08
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Why Gold Hits Your SL🌟 Why Gold Hits Your SL 😭💛📈
Gold is one of the most aggressive and volatile assets in the market — and if you’ve ever wondered “Why does gold ALWAYS hit my stop-loss before moving in my direction?”, this post explains the real reason.
Let’s break it down clearly 👇
🔶 1. Gold Loves Liquidity — Not Levels 💦💰
Gold doesn’t move based on your support/resistance lines.
It moves based on liquidity, meaning:
Where traders place stop-losses ❌
Where pending orders sit 🎯
Where large institutions want to fill positions 🏦
Your SL is simply sitting where everyone else puts theirs, which makes it prime liquidity.
🔶 2. XAUUSD Spikes Are Designed to Collect Orders ⚡💥
Gold often creates sudden:
Wicks
Fake breakouts
Quick pumps or dumps
Sharp candle spikes
These moves are NOT random — they’re engineered to:
🔸 Trigger stop-losses
🔸 Activate pending buy/sell orders
🔸 Grab liquidity before the real move
This is why your SL gets hit by $1–$3 before price completely reverses.
🔶 3. Gold Moves Session-by-Session 🕒🌍
Gold behaves differently depending on the time of day:
Asia session → Slow, tight range
London session → First big manipulation
New York session → Volatility explosion + real direction
Most SL hunts take place when London opens or when NY session begins ⚠️🔥
🔶 4. Clean Highs & Lows = SL Magnets 🧲📌
Gold LOVES attacking:
Previous day’s high/low
Asian range high/low
London session extremes
Double tops & bottoms
Round numbers (like 4000 / 4050 / 4100)
These areas hold thousands of stop-losses.
So before gold takes a real direction — it sweeps them first. 🏹😈
🔶 5. The Classic Gold Pattern: Trap → Reversal → Expansion 🔁🚀
Most XAUUSD moves follow this sequence:
1️⃣ Sweep liquidity 😭
2️⃣ Fake breakout 😈
3️⃣ Sharp rejection 👋
4️⃣ Real trend begins 🚀
If you’ve ever seen price:
Break a level
Wick hard
Then reverse the entire move
That’s gold performing a liquidity grab.
🔶 6. How To Avoid Getting Stopped Out ✔️
Here’s what actually helps:
🌟 A. Don’t put SL exactly at obvious levels
Move it beyond common liquidity zones.
🌟 B. Wait for the sweep before entering
Let gold perform the trap first.
🌟 C. Trade reaction — not prediction
Look for re-entry after the wick forms.
🌟 D. Use sessions to your advantage
Avoid placing SL right before London/NY opens.
🌟 Final Words
Gold isn’t hunting you —
it’s hunting liquidity.
Your job is simple:
👉 Stop placing stops where everyone else does
👉 Let gold sweep liquidity first
👉 Then catch the real move
Trade smarter, not tighter. 💛⚡
the Big Picture, and the next Friday weekly HammerFrom a technical perspective, Natural Gas is nearing a high-conviction inflection point. The weekly hammer that will be formed into Friday’s close (12.12.2025) indicates a potential shift in market structure following the optimal accumulation zone around 4.9. This configuration favors a sharp, impulsive rally over the next 2–3 weeks, with a likely target at the long-term channel resistance near 6.4. The emerging double-top formation suggests a setup for a notable momentum reversal.
On the macroeconomic side, the ongoing “Great Reset” is expected to exert downward pressure across major risk assets over the next six months. Volatility is rising, and global markets are entering a corrective phase.
XAU/USD (Gold) H4 AnalysisXAU/USD (Gold) H4 Analysis: Anticipating a Market Structure Shift (CHoCH) using Proprietary Trend Break Target Indicator
Hello traders,
We are conducting a detailed technical analysis on XAU/USD (Spot Gold) using the 4-Hour (H4) timeframe. Our focus is on identifying a high-probability reversal point using a custom-developed tool: the Trend Break Target (TBT) Indicator. This indicator is designed to detect early market structure shifts and project potential continuation targets.
Current Market Context and Bias
Gold has shown volatility, but the immediate structural integrity is being tested. Our analysis suggests that the current move is consolidating or approaching a critical inflection point. The resolution of this consolidation, specifically relative to our defined structural levels, will dictate the next significant directional move.
The Critical Confirmation Trigger
The entire bearish hypothesis hinges on one non-negotiable condition, which defines the Change of Character (CHoCH) in the H4 structure:
The Structure Break: We are closely monitoring the Red Dashed Line generated by our TBT indicator. This line represents a crucial swing low or internal support level whose violation signals a definitive shift in market control from buyers to sellers.
Confirmation Requirement: A sustained break and a clear candle close below this Red Dashed Line is required. A mere wick breach is insufficient. This close will officially mark the Change of Character (CHoCH), confirming that the short-term market bias has switched to Bearish.
Actionable Signal: Only upon this confirmed breakdown should traders consider entering a short position, using the close below the line as the entry trigger or confirmation point.
Projected Downside Targets (TBT Projections)
Should the CHoCH be confirmed, our proprietary indicator projects two key targets for the continuation of the bearish momentum:
🎯 Target 1 (Initial Objective): $4125
This level acts as the first high-probability objective, typically aligning with a measured move calculation or a previous area of interest (POI). It represents the immediate profit-taking zone for the initial bearish thrust.
🎯 Target 2 (Continuation Objective): $4067
If bearish momentum persists and the 4125 level is broken, the market is likely to extend its move toward 4067. This target represents a deeper structural test and a potential area for a significant price bounce or further capitulation.
Risk Management Consideration
For any trade initiated based on this breakdown, an appropriate stop-loss placement should be considered above the swing high that precedes the breakdown, or judiciously placed above the Red Dashed Line to invalidate the bearish structure quickly if price reclaims the level.
Disclaimer: This analysis is based on a proprietary trading model and is for informational and educational purposes only. Market conditions can change rapidly. Always apply sound risk management and conduct your own due diligence.
SILVER My Opinion! SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 58.349 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 57.776
Safe Stop Loss - 58.724
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
USOIL Will Collapse! SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 60.13 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 59.69
Recommended Stop Loss - 60.41
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold 30-Min — Volume Buy Reversal Triggered⚡Base : Hanzo Trading Alpha Algorithm
The algorithm calculates volatility displacement vs liquidity recovery, identifying where probability meets imbalance.
It trades only where precision, volume, and manipulation intersect —only logic.
✈️ Technical Reasons
/ Direction — LONG / Reversal 4205 Area
☄️Bullish momentum confirmed through strong candle body.
☄️Structure shifted with higher-low near key demand base.
☄️Volume expanding confirms order-flow alignment upward.
☄️Buyers reclaimed imbalance with sustained clean break.
☄️Algorithm detects rising momentum under low liquidity.
⚙️ Hanzo Alpha Trading Protocol
The Alpha Candle defines the day’s real control zone — the first battle of momentum.
From this origin, the Volume Window reveals where the next precision strike begins.
⚙️ Hanzo Volume Window / Map
Window tracked from 10:30 — mapping true market behavior.
POC alignment exposes institutional bias and breakout potential zones.
⚙️ Hanzo Delta Window / Pulse
Delta window monitors real buying vs. selling power behind each move.
Tracks volume aggression to expose who controls the candle — buyers or sellers.
When Delta aligns with Volume Map, momentum becomes undeniable.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 60.11
Target Level: 57.09
Stop Loss: 62.12
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Gold Eyes 4,207 Rebound as USD Softens & Venezuela Tensions RiseHey Traders, in today’s trading session we are monitoring XAUUSD for a potential buying opportunity around the 4,207 zone. Gold continues to trade within a broader uptrend, and the current pullback is bringing price into a key support–resistance confluence aligned with the ascending trend structure.
Fundamentals:
The US Dollar remains under pressure, with markets increasingly leaning toward a dovish shift from the Federal Reserve, reinforcing gold’s classic negative correlation with the USD. A softer Dollar environment typically boosts demand for metals, and this week’s macro flow continues to point in that direction.
At the same time, geopolitical tensions between the U.S. and Venezuela are escalating, increasing global uncertainty and driving markets toward safe-haven assets. Gold is already reflecting this risk premium, and any further escalation could accelerate flows into XAU.
Next Step:
We’re watching price reaction closely around 4,207 for a potential continuation of the broader bullish structure.
Trade safe,
Joe.
PALLADIUM Channel Up starting a new 2-month Bullish Leg.Palladium (XPDUSD) has been trading within a Channel Up since almost the start of the year. Its latest October 16 Higher High started a pull-back (Bearish Leg) that found support recently on its 1D MA50 (blue trend-line).
As with the Bearish Leg before, it also almost reached the 0.5 Fibonacci retracement level, so there is valid ground for an upward reversal into the new Bullish Leg technically. With the two previous Bullish Legs rising by +50%, we expect a similar development, targeting $2000, which is also the 1.5 Fibonacci extension (as with the last Bullish Leg).
Notice also that the 1D MACD just formed a Bullish Cross, similar to September 02, which started the previous Bullish Leg.
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇






















