Double dip confirmed. The channel is 1670 as support/stop and 1760 as resistance. Within the channel I check KAMA (yellow line) for confirmation. 1745 was the KAMA challenge and GOLD closed above on thursday. Friday and week close was slightly below. Next week please check if GOLD can close 2 days above KAMA. Happy trades
I’m sharing a channel. 1) If closing below lower line. Head and shoulders. Down to 42.000. 2) If closing above upper line. Cup and handle. Up to 76.000. For now, if you are LONG, be careful below 55.500. Happy trades.
As ETH comes close to 2000 TOP, I closed my position. A) I need to see min 2 closing above 2000 to open LONG. B) If stays below 2000, I need to see the formation, double top, cup-handle... I’m bullish on ETH, anyway lets STAY CALM and observe 2000. (Note; pls check the formation in yellow circle)
Broke 3 year down-trend line✅. Now targets 12 year down-trend line, which dates back to Nov’09. Target level is pre-covid level, 102.5. Pullback support is at 80. I add US10Y (orange line) , why is US10Y and EuroBanks act corralated? Happy trades
XBANK closed below 1365 (EMA250D). We need to see two more closing below 1365 to say its broken. Momentum contradicts and RSI is at oversold. What does all mean? There is still good chance that XBANK will keep above 1365. And if it does we’ll talk about trade. Keep calm.
Gold closed below 1760 support. What does it mean? Nothing yet. A single day closing is is not confirmation. It may be bear trap. Observe for two more days. If Gold stays below 1760, next is 1670 Fibo(50%). 1670-1765 was 3 month flat move last april-june, yellow circle. I won’t open new position until I got confirmation. Stay calm.