My dowsing work suggested a high around $288 on GLD, which obviously worked out (see prior idea). There's often a decent reversal opportunity once levels are hit. This one was golden... Wah-wah.
I'm trying not to over ask on things because with my work, I think it opens the door for misleading information or confusion on my part.
Simply put, the guidance was to get a date from the past, which was Jan. 10th. Look to revisit that price, which happens to correlate with the area of the 200 sma. When I asked what price from the H/L of that day, I get $249.
I drew a line to show the reference candle from January.
I ask what date this may occur by & get May 15th, but another date came of July 26th. There's some big stuff I think happening in indexes too in June/July. Dates are often reversals, but can be nothing. You just never know, but odds are more often they are something.
I'm trying not to over ask on things because with my work, I think it opens the door for misleading information or confusion on my part.
Simply put, the guidance was to get a date from the past, which was Jan. 10th. Look to revisit that price, which happens to correlate with the area of the 200 sma. When I asked what price from the H/L of that day, I get $249.
I drew a line to show the reference candle from January.
I ask what date this may occur by & get May 15th, but another date came of July 26th. There's some big stuff I think happening in indexes too in June/July. Dates are often reversals, but can be nothing. You just never know, but odds are more often they are something.
Trade active
I never worked on the spot to sell GLD, but there was an implied move up when at the time of this idea, dowsing said the most important thing to know was it will reverse down. I didn't post this before, but it's what my dowsing said, so now you have extra insight. Today I asked about GLD & get this is a spike up & reverse down. Watch the area around $286-87.I also am getting "peak". When I get that, it is $$$ for the downside.
Watch the date of May 15-16th.
Trade closed manually
This was another super lame idea as equally fallacious as GDXJ was. It's currently at a swing low potential pattern on this date around May 15-16, but when I ask now about it, I get "breakdown"... So the idea of the spike up & reverse down gets a few points. I also get a few pts for figuring out that in order to "reverse down" it would have to go up, but these are newer insights for me. I'm a slow lerner.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.