GLD sits below like what I like to call the pivot band. Draw the flattest MA possible (nearest to zero slope). For upside trigger, the initial trigger would be the flattest MA of lows. I like to use the MA of lows, then the MA of medians then the MA of highs. If price breaks above the MA of lows and doesn't progress but regresses then the MA of medians would then become the trigger. So I have these MAs on the chart and they are sufficiently proximate to consider a break in the next week or so if they oblige. I'll post similar for other markets I follow. If anyone has a market they are watching, TSLA, NVDA, etc. let me know I'll do similar work up.
Trade active
Still waiting, GLDilocks. Up or down. I'll take a breakout in either direction. Imagine this week, next week the latest.
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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.