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Will it correct itself or move higher to 61% and retrace back to support ....
Market Manipulation to confuse ???
Im expecting retrace and close the gap
Price action too far ahead of 50MA and 200 MA, price will come back and run parralel
Could this be GOLD RUN
Soo many possibilities
Sooo many conflicting patterns
this is now purely manipulation
Look out for first big move false breakout and go other direction.......
Trend Reversal in the making
Waiting for signal to short entry handle retrace
Double Bottom on longterm strong support and curve upward creating new channel
I was offline for some time but now back in the sadle
In for small trade feeling the vibes
This trade seems to form conflicting patterns
Bear Flag indicating downward movement
Flat Top Wedge indicating possible break out to the top side
Whats everyone opinion
Should be interesting to see how it unravels
Daily TF Upside Down Head Sholders neckline broke out
and now formed Retrace in the 1HR TF with Bear Flag inside Retrace Pattern indicating more downside
Aiming now for 2nd PT
Double Top formed on daily chart- short position on break of neckline
Cup and Handle retrace being formed to the right of double top
Massive down trend in the making
Would this be considered a valid cup handle pattern analysis as its on 1hr chart, or is the cup handle theory more valid on higher time frames
Will this be a bear trap....or fishing hook and bait
Breakdown in play
First target Neckline
Second Target Neckline break = distance
3rd target ride the wave 10 fathoms down bubble
Buy Set Up from strong support
Double Top Retrace into ABC Correction followed by long downtrend
WHERE TOO NEXT....
TESTING NEW REFINED STRATEGY ...
Trump to announce new Fed Chair might cause disruption uncertainty in the $.....
Tax reform to be announced....
Busy day for the $ in Economic Calendar....