Price moved from the Lower Median Line (L-MLH) up to the Centerline, fulfilling the 80% rule.
Then we had two Hagopians, which sent price right back to the Centerline.
After the breakout above the Centerline, the next target was the Upper Median Line Parallel (U-MLH), which was reached rather quickly.
Finally, price broke above the U-MLH and was pulled up toward the Warning Line (WL).
Is this the end of the happy story?
I think so—because Gold has now reached its 2nd standard deviation, and there’s probably no more gas left in the tank.
The Trade:
- A logical target is the U-MLH.
- A secondary target is the Centerline.
At the very least, if you're long, this might be a good time to take some profits—because no tree grows to the moon.
For further details, I will follow-up with a Video explanation - See my Signature.
Then we had two Hagopians, which sent price right back to the Centerline.
After the breakout above the Centerline, the next target was the Upper Median Line Parallel (U-MLH), which was reached rather quickly.
Finally, price broke above the U-MLH and was pulled up toward the Warning Line (WL).
Is this the end of the happy story?
I think so—because Gold has now reached its 2nd standard deviation, and there’s probably no more gas left in the tank.
The Trade:
- A logical target is the U-MLH.
- A secondary target is the Centerline.
At the very least, if you're long, this might be a good time to take some profits—because no tree grows to the moon.
For further details, I will follow-up with a Video explanation - See my Signature.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.