if price close above trendline in 4h and daily charts then trade is active.
This is so big trade that its incredible... well but i guess its recesion sign in the world so it will be hard times for us all in near future.
I would place now a gold trade and hold it for 5years.I think this thing is gonna go so big ...1600 is only first target.
YM Sell reason :
Breakout pullback continuation situation. YM came to resistance point, expectancy is big bull ,but first it must to come back to trendline.
Possible buy from trendline big time :-)
But first short now.
1.Price did come to important resistance level.
2.Price did break major trendline
3.Price did break short term trendline
4.Price create pulback to 61.8 - 78.6% fibo retracements , 3rd wawe of eliot start
5.Price close 2 times below the pivot, 2 red large candles.
Possible targets half 38.2% and 50% fib levels .
Good luck! :-)
Gold hitted break even . Now its buy signal from fibo levels and other confirmations. After fact that it did not sold off, and hited our protective stop so we now for sure now it will run up.
Unfortunately its not good for economy. Because you know the reason. Hard times coming to people . Prepare and be safe.
AS we was on gold short now market did hit break even stop. NOW Price shows that it wants to go up. In my opinion this is a long run trade so thats why so large exits.
But if you are intraday trader so consider that it will be bulish for many weeks upfront. And only buying gold is best advice.