DEVONTE

DEVONTE

NOTES IS ON THE CHART

DEVONTE

BEARISH CYCLE BREAKDOWN COMMENT YOUR THOUGHTS

DEVONTE

ON THE 4HR TIMEFRAME I SEE GOLD HEADING INTO A BEARISH CYCLE. I WOULD LOVE TO SEE A STOP HUNT ABOVE LAST YEARS HIGH THEN A DROP. LEVEL 3 OF A BEARISH CYCLE USUALLY PRESENTS A HEAD & SHOULDERS OR M FORMATION TO LOCK IN THAT LEVEL. SO I WILL BE WAITING FOR THAT CONFIRMATION. AT THE END OF THE DAY RESPOMD TO THE MARKET DON'T PREDICT. TRADING DONE SIMPLE WITH R.E.V

DEVONTE

ON THE 15MIN TIMEFRAME WERE CURRENTLY IN LEVEL TWO CONSOLIDATION. MEANING WE STILL HAVE ONE PUSH INTO LEVEL THREE CONSOLIDATION TO START THE 15MIN BEARISH CYCLE. THAT PUSH INTO LEVEL 3 USUALLY GIVES YOU THREE IMPLUSES WHICH IS DISPLAYED ON MY CHART. IT CAN BE VARIATIONS ON THE THEME BUT THAT'S WHAT USUALLY HAPPENS. THEN IN LEVEL THREE YOU WILL GET CHOPPY MOVEMENT...

DEVONTE

MIGHT SEE A STOP HUNT ABOVE THE FIRST LEG WITH A BEARISH CANDLE CONFIRMATION. THIS A COUNTER TREND SO WANT TO SEE A CLEAR ENTRY CONFIRMATION. TRADE BACK TOWARDS THE EMAS

DEVONTE

BEARISH INTO A BULLISH CYCLE BREAK DOWN ON RIPPLE