Updated

GOLD - BULLISH giant GARTELY into D/4hr is forming

Could we see for real the reversal point at the D point?

Note

I'm of bearish thinking looking at this forming.
I'm entered in short at the completition of this supersmall Bat, and i'm leaving it run with a small position.

Here the updates at the moment:

5min

15 min

1hr

4hr

Note

Now i'm looking how the 4hr clandle will close.

Note

I'm out of my shorts on this green powerfull bounce

Note

Updates 14/11/2019
I see a potential bearish Shark for a short entry,
but... an inverted head and shoulders also.
Probably it wants retest 1480 (50% fib of montly movements)

Note

So for today, i think will serach for long entries at least until 1470 area (red rect) where I placed a sell limit, and i will see what will happen

Note

The situation in 4hr chart:

Note

first sell limit reached for the short on the red bearish SHARK:

Note

After 1st 30min cnadle:

We should retest at least the blu trandline that was broken by bulls, in that case I will put my SL into green area to protect my profits.

Note

updates on the SHARK trade (we are try to finding the "perfect" short entry to swing untill the potential D point of the big GARTELY, who knows?)

Note

Progression:

Note

nothing to do with the red SHARK... it has been invalidated. (stopped out (but my SL was in small profit). Next potential entry before the 1480 is 1476,50 at the alternate SHARK (the white one). But probably we will go upper to the 50 % monthly fib (1480)

Note

Got sopped (with SL in profit) yesterday on that big red shark (above), but it worked out after the stops hunt.. and the price has dropped hard. Cached this very small shark in the morning and got the the entry for the short (it paid me back for yestarday). Now may we go lower?

fra978

Related publications

GOLD - mini bearish BAT to try to find a big move SHORT entry

by fra978

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.