Possible Head and shoulder Bottom in forming, it is 5 years formation.
Notice the head and shoulders is not valid until clear break for neckline.
This is not short term trade for 1 day 1 week/ 1 month.
This is a long term trade, expect to hold until one of three:
1- hit stop loss
2- fail to break neckline and reverse
3- hit the target.
when the market price go the half way near neckline, move stop loss to the Break-even
Notice the head and shoulders is not valid until clear break for neckline.
This is not short term trade for 1 day 1 week/ 1 month.
This is a long term trade, expect to hold until one of three:
1- hit stop loss
2- fail to break neckline and reverse
3- hit the target.
when the market price go the half way near neckline, move stop loss to the Break-even
Note
going in the right directionTrade active
The trade is still active and heading in the right direction, we have expectation for the price to correct and test previous highs before heading to the ultimate target. of course this is up to the price to do. we are all watching now
Note
Our gold position is sky rocketing to the right direction and almost near the neckline, lets watch the market movement right hereNote
keep goingNote
The price is moving in line with our plan, it is now we wait for the up break for the neckline and advance to the targetNote
Half way there.Note
Still following the expectations
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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.
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.