now im getting carried away
ความคิดเห็น:
We are right on schedule. Gap of death below being defended by bulls. Resistance above making their mouths water.
ความคิดเห็น:
We can expect pullback here or at about 7.00 with ~5.50 being primary support. Expecting a breakout from the triangle after ranging for a few months.
ความคิดเห็น:
Red lines in this chart are what im expecting for pullbacks
ความคิดเห็น:
You could TP on these price points but I'm planning this as a longer hold to play the triangle break out. I may take some profits around the 7$ range.
ความคิดเห็น:
So I'm expecting us to range here between ~5 and 7 until an upside breakout of the triangle is too appealing to the bulls. Trading the breakout, so this means I will accumulate as we range.
ความคิดเห็น:
We are in important location here. Needs to stay on the trendline and close today around 4.9
ความคิดเห็น:
After weekly close we are right at the bottom trend line. We could test 4.79 or even 3.5, but I think its more likely we test 5 or even consolidate above 5 as we continue to range.
ความคิดเห็น:
4.79 being tested now
ความคิดเห็น:
Defended. Now watching 5.50. If we break above it, expect more impulse up. If we reject from that level, time to continue ranging.
ความคิดเห็น:
Also, earning reports coming in 2 week.
ความคิดเห็น:
Moment of truth for the bulls. Will 4.78 hold and bring us back to moving average of 4.9, or will we reject from here and go down to our lows at 3.5
ความคิดเห็น:
Look at us riding along the trendline nicely. Springtime break-out is what I'm expecting for this trade.
ความคิดเห็น:
I expect a pullback at 6.33, around there ill sell 20% of my position and load back up on the dip. Cheers
ความคิดเห็น:
We are continuing to range right along the trend line. The longer this gradual upward pressure happens, the more likely we see a break out in the Spring or Summer.
ความคิดเห็น:
Caronavirus playing with this trade. Setting my stop at 3.30, expecting a big bounce at 3.50
ความคิดเห็น:
Stock market looks too corrective. Trade closed and re allocated to gold.