In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
On my private blog (see footer), I teach about the pure Action/Reaction and show prove of concept on the ES-E-Mini.
Here we have Gold and this shall be a tiny appetizer, before you grab the whole menu.
Watch and learn.