Wait for it to complete and wait for it to not push through it. I have lower targets but can reach this before pull back. Initial long tp1: 1265 if it turns, looking for tp1 1259 and tp2 1255 if not lower. Sorry it's messy; busy trading.
TIME COULD BE OFF BUT I SEE THIS COULD CATCH IT'S BREATH BEFORE MORE UPWARD MOVEMENT. BULL THEN SHORT THEN BULL? WE'LL SEE. WATCHING MAINLY FOR ANY CORRELATION TO METALS.
What. A. Day. Hopefully here's a way to either recover some losses or continue the profits. I don't expect anything without crazy moves after today so be careful.
I'm looking for a retrace off of a recent rally. Trade safe.
Yesterday I said these patterns were invalid due to the fact that they were no where near D with the amount of time left... Oops. It's not right on 1.618 so it's either not quite done down or it was close enough. With action like today, I don't want anyone to take a risk. But trade once you feel/see it's working towards the target retraces.
SEE CHART
ALL IS ON THE CHART. JUST WATCHING, LEARNING AND TRADING.
All is on the chart. Watching Price Action close as dollar and different markets open after FOMC for the first time.
ITS ALL ON THE CHART. I'LL SHORT AT TP2
Silver, long timeframe of WTI Crude. Two patterns. Two trades. Or Watch the first to see what connects...
Quick TP1 44.65 From there I will show a short if it even reaches. I'm surprised it didn't stop out.
Wait for D to complete. Could be quick at that point the up to level of B. Overall, I'm short Silver but want some action so I'll trade this too.
Trading pullbacks off of the large decline from last week but here is what I am watching at a longer timeframe.
Everything is in chart. Numbers are rough but close enough. Sharing ideas, not trades.
Everything is in the chart. Complete 5th wave, correction to fib level. Turn upward in support of new bull. If correction is lower than 1303, bull is invalid. This is an update with larger timeframe of the earlier chart. Much is the same. The unfinished legs are for reference. The values of correction are close, the time will be off. The values of the next...
I have two plans (bull and bear) but trying to work them both out separately but comparing them to other instruments I'm watching (US Indexes and Oil) make one less likely at the moment. If Gold is still bull long-term then this plan would be valid. We are finishing the last leg of the impulse wave (v) before it begins to correct. How low? No lower than the...
TP1 1335 TP2 1342 ENTERED TRADE: 1308 Good luck!