EMAs are down
trade consolidations in direction of trend.
head and shoulders forming inside box
PA shows weakening bull strength
4 HR shows 2 'hanging man' indicators and bearish engulfing
found a 50% fib retracement that I like to use as additional confluence. Not a holy grail, just additional confluence
found some DAILY support from recent previous days, shown with ray
consistent higher lows and higher highs on 4HR
3 Pin on 2 hr
looking for CTL break and MA crossover. using trendline as support
daily three pin bar
4 hr ignore bearish marobuzu. a few inside bars coupled with bullish engulfing
broke first trendline yesterday. MA cross today.
resistance being met at yesterday high
rising RSI (should only work in ranging areas)
will complete tweezer top formation on bigger timeframe. reversal to shit the bed.
broke through previous day high. cant close below that level on 3MIN.
15 min shows morning star pattern just above previous daily high. huge hammer signal on 1HR too
RSI levels lower.
Reversal Pattern on 30MN - 1HR
possible retrace on break, leads to continuation and EMA crossover.
66 expected. fingers crossed on 45 where we'll wait for reversal and overall continuation for gold prices to moon