1696 acted as support as I thought, if bulls close with price above 1707.50 I can see that becoming support to tackle 1710. and then ultimately go higher.
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DislikedHi all The blue trend line 0 was broke and the price is dancing inside a channel between 1 and 1` magenta trend lines. 1- If the price will stay above of the dotted dark magenta line and will break the lemon-colored horizontal trend line at price 1709.36 then the market may has bull potential to break the magenta trend line 1 2- If the price stay below of the dotted dark magenta trend line and will break the orange trend line 2 then the market has a bear potential, and if it well break the green dotted horizontal line near 1691 at below then the...Ignored
Disliked{quote} great analysis brother. as I posted earlier, if you recall your golden trendline from last week on the 4hr, it still came into play rejecting gold nicely at 1714. if bulls manage to break that trendline could possibly become huge support, not expecting it today. however worth noting to watch since we had that same trendline intactIgnored
Disliked{quote} Thanks brother. Your analysis is so significant. I am agree with you and the golden trend line is a key. I already will not entering the market and just waiting for tomorrowIgnored
DislikedAlright, 1684.93 is a price level to watch out for also...I stay alive. Chart played a head and shoulders pattern...hmmmIgnored
DislikedTrade Idea for Tuesday May 5, 2020. With 1709 holding bulls yesterday, I expect gravity today. Levels am watching... A. 1716.59 - A break above and continuation validates antigravity B. 1681.64 - A break below and continuation validates gravity. C. 1695.65, 1693.63, 1691.64 - A break and retest from below...Sell. If A. is breached, I will run away alive. Am still with my Friday's sell trades...I hope to come out alive. {image}Ignored
DislikedGold eyeing 1658.75...If it takes it today Sote, If it doesn't Sote. Either way, I am coming out alive.Ignored
DislikedI'm expecting for price to find resistance at 1700.00, so sell there with TP 1688.08, where is also my buy order.Ignored
Dislikedbattle seems to be taking place between 1695 and 1699.50, bulls are defending the lower end of 1690s . I am monitoring closely because 1692 has acted as support beautifully. if bulls can close 4hr and hr above 1701 we may see 1701. 1699 become support {image}Ignored