This is my projections for GA as the market opens this Sunday 1/10. My current bias is that GA has potential to drop about 540 pips based on using instituational concepts. My red zone shows order blocks in the market (heavy reversal areas). My yellow block shows an imbalance that was filled and used for a continuation of the sell move. GA is currently retesting an...
There are lots of engulfing patterns on the daily time frames for SPX 500. Those engulfing patterns serve as my support and resistance zones confirming the pair will continue in a bearish direction. By monitoring the smaller timeframes I will identify my best entry.
The fibs I drew on my chart also further confirm that price will continue further down. I do feel...
I decided to keep it extremely simple this week focusing in on the box method. Just going to watch price as it bounces within this box and wait for a breakout. All though you can catch small moves within the box, I want to maximize my profits and only take the trade once we break out.
Support and resistance lines mapped based off last weeks highs and lows. Zone for the set up I'm waiting on are drawn out. Just watching to see where the market moves.
Support and Resistance marked for the week. I also marked my zones for the current move on market open. Alerts are set for both the buy and sell direction gold might go in.
Gold is a very volatile pair that fibs helped me to slow down and trade long term. You can see an inverted M pattern form at the bottom of this chart. Gold is also in an over all uptrend. Additionally, once it crossed over my 50 moving average I entered the trade on a buy. When seeing a closed bullish candle above the MA 50 line that is an additional confirmation...
