is it bull trap signal later after retest 2168? let's compare those into 4h signal hope we will see a similar pattern as risk management plan for later I thought 2165-2168 = gate for bullish signal to 2220 and 2256 but when I analyze, it show the trend not bottomed yet
MA become resistance candle support 68 broken after bull try to protect it 54 become support note: after 2154 if 2161 retest again then bull still got power to target 2146 bull cannot retest 2161
if retest 86, could hit 90 area later no comment on retest 100 or making lower low
it's unique and quite visible in 1h stochastic during a super strong bullish trend there is other indicator too but this one is the most easy to see also WMA 20 = mid line of stochastic but sometimes not reliable right now WMA in 2180 bullish target 2220 for me but I will use fibo later in small range
Will update again later Just make short summary for now Stochastic spike down then up a sign of bear trap since other indicator failed to drop under 50 (mid zone) Also price above WMA20 and WMA 55 confirm trend is bullish Need to analyze 1H and find there potential bear trap or bull trap in smallee TF or nor
poin of interest 2177, but 46 also potential target maybe 67 reversal to 46 or maybe 67 broken and hit 72 so it will hit 77 too later longterm bullish need 2180 breakout
2167 if bear weak 2162 if 67 broken 2157 or 2154 if bear strong
Bear trap IMO It will go up to target 2220 This is good sign for me since its a normal bear trap compared to other bear trap Migh see a proper retrace down after 2220
oil price from 1971, stagflation? crisis 98? recession 2008? crisis 2020? also when u realize why a lot country joined BRICS, why there is great reset in 2030, because it is the peak of the commodity bullish supercycle and the bottom of the USD buy power
1. the overbough on 1h not the top price (FAKE SIGNAL) 2. there unique pattern that 1H pattern overbough will make double top and double bottom (NO PROPER RETRACE DOWN) 3. when RSI and MACD under 50 it will start the reversal (FAKE SIGNAL) 4. before top price touched it will make double top in RSI (the small box, FAKE SIGNAL BEARISH TREND START) the strategy can...
quite hard to see the next target from fibo but 1. there only 1 fibo target 2093, alot see 2085-2088 as strong resistance 2. alot fibo see - 212X zone as next resistance - 217X as next resistance - 2058-2064 as next support 3. im conviced that 2200-2220 as top price for now problem: 1. I cannot use my old technique using WMA 20 and WMA 55 to define supply...
Its a part of fibo analysis 1. I need to make a new zone support resistance later for above 2072, 2115-2120 will be next target but other than that i need to analyze 2. I wonder if bearish gate still on 2022 or move higher now, but 2049 become first gate for bearish signal (note this zone usually wont be touched by gold just mention it as plan B rule)
I will update later But for now focus on 2039 first 2049 keep becoming a strong resistance So even if this going to 2072 it will retest 2049 again So any buy must tp after above 2049 or sl plus later
mark all corner or small corner from WMA55 bull got 49 bear got 27, 25, 21 and 2019
plan A: buy 2025 or 2028 target 2049-2052 plan B: bear to 2019 and watch the PA retrace to 2033 plan C: bear to 2013 bounce to 2049-2052 Plan D: wait 2006 support broken
this chart will be valid as long 1. 2046 not retested 2. until 6 Mar 2024 I see another target on 1924 but I never plan that low this entire time
30 min engulf candle, so it will retest 2024 for now I still follow old plan retest2008 for a while
for my friend he asked about this one potential buy to 1405-1435 as long 1160 support strong