On weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the...
i have a bullish mind now at aud so i think that it was a false breakout and the price will going to the upside , but we dont predict the market if and only if the zones broke to the upside at pullback we will be looking to buy !
we have a cypher pattern that is a bullish pattern but we didnt buy it now , we wait unitl the above zone broke to the upside then at pullback we buy it , but if price go lower and broke the lower zone we will be looking for short opportunity
the gold scenario
i have a bullish mind on gold because at monthly we have a possible head and shoulder and everything look bullish
if it goes up and break the 1818 level at pullback we enter trade
also we could buy it when the 1815 level break to the upside and buy it at pullback to 1815
Where we get these numbers from? Do you look at just one time frame to make your trade decisions? How can one get insight about general trend of a stock? Are we in correction? Which cycle is the stock correcting?
Answering to all above questions needs multi time frame analysis. You can not be aware of whats going on in a market or stock without investigating...