GOLD: Week10 update2Hi Guys,
if you drag backwards the above chart you will find LS in week4.
LS (left shoulder) week4
H (head) week7
RS (right shoulder) week10
IMPORTANT: RS was the idea, opportunities were along the way. At 1310 Gold will start facing resistance. Be carefull.
For a complete picture please refer to my post dated March 10 in the related ideas linked below (GOLD: week10 H4)
Next step: wait and see if the H&S will complete and how.
Thank you for your support and for sharing your ideas.
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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Peterbrandt
ETHUSD : Peter Brandt goggles [ON] OFFMiss calculated previous head and shoulders, didn't spot the cheeky little right shoulder.
ETH has made yet another head and shoulders with yet another unrealistic target. Raised appropriately.
Once the buy zone is reached I am expecting push for downtrend resistance in the green box, top right corner. Will update when the time comes.
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My position
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Entry : $207 - 210
TP 1 : $191 ( + 7.3% )
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Invalidated if close above $215
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My ideas are not finacial advice.
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#ZIL classical charting and trade plan#ZIL has respected classical charting patterns very nicely. Right now we see ZIL falling below an ascending line and is looking to find support. We have 3 minor supports drawn and 1 major. I doubt we fall below the second support but if we do I am prepared. Wait for a breakout of this downtrend line.