Momentumstrategy
Potential Shorts Down to 1681 if 1711 holds!Gold today looking for shorts back down to previous HTF swing low at 1681, if 1711 continues to fail that's where price will probably be heading, however if price breaks trend with confirmation i'll be looking for buys lets see what the market presents!
Whats your thoughts on Gold?
WATCH $STEMBullish
- Round bottom
- Broke downtrend
- Broke neckline
- EPS +1
- Sales +1
- Funds accumulating
- Great fundamentals
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.”
Cheers and happy trading!
NG shows weakness and lost momentum !!NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line.
After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance.
the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher.
A break of the trend line in the next weeks will signal a huge short opportunity as the price may reach the 0.236 Fib line and if it breaks through the 0.382-Fib line as the second potential target.
Correction of A Bullish Wave What's certain is that we're correcting the upside from 21 July.
It's started.
I think the C corrective wave could be more complete than this and will be in the range of 1714.
With Momentum returning in this area, we expect the end of the correction, and the move for the first resistance in the 1767 range.
If the price stabilizes below 1707, this analysis is not valid.
Good luck
WATCH $3320Bullish
- Higher lows
- IHS formation
- Double bottoms
- Funds accumulating
- Great fundamentals
- Needs to break above downward trendline & neckline
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“The gem cannot be polished without friction, nor man perfected without trials.”
Cheers and happy trading!
WATCH $AMPSBullish
- Higher lows / Higher highs
- IHS formation
- Funds accumulating
- Great fundamentals
- Hot theme
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“A winner is just a loser who tried one more time.”
Cheers and happy trading!
WATCH $MAXNBullish
- Broke downward trend
- Broke neckline / major S/R
- Making Higher lows
- Funds accumulating
- Great value
- Good R/R trade
- Hot theme
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Our greatest glory is not in never falling, but in rising every time we fall.”
Cheers and happy trading!