Nikxsen

Nikxsen

Looking at the structure of GOLD on the 4 hour TF. Gold broke out of a 4 hour resistance trendline. If this is a clear break, i have a price target of the golden pocket above. Looking at a fakeout scenario, Gold to retest the 4 hour high and come back below breakout line. Happy Trading and stay safe.

Nikxsen

So far support holding well. At this green Gann again, which has been resistance in the past, could this be more back testing to then make it's way to 36,000 ?! Maybe only go back to 100,fib, then back down. Resistance can easily become support. Now looks good for support, if the Gann can turn to support, i will go long. So far Higher high and Higher low's....

Nikxsen Updated 

GOLD... Looking good for a short position. Opened Short position at rejection of the 21ma. Second short position opened, 4H Currently broke and resisting the 55ma. Rejection here 65.0,fib - Price may want to go 61.8,fib. Then it's more likely back to price 1900 of 78.6,fib can not hold. Is Gold on it's way to the Decade VWAP.... Happy Trading Everyone!

Nikxsen

LINK. If a break and support at 61.8,fib. Could be looking at a nice 37%. Ideally for higher prices, getting back above VWAP with support could get price back to 30 - 30.7... Stochastic showing signs of support, close to crossing above the 20%. If support is not found then it's back to 78.6,fib and back for a possible double bottom. Down at those lower levels,...

Nikxsen Updated 

SKALE (SKL) Opened Long position at .13500..., First target 100,fib Second target 134,fib Third target 200 - 227.2,fib Fourth target 341,fib On the 8H; Using the Monthly Pivots Woodie also as resistance levels. Currently above 20ma, 55ma, and yearly VWAP, with the 20 ma almost crossing VWAP. Right now finding resistance at R1 pivot, a break below ma's, VWAP and...

Nikxsen Updated 

Opened Short position at 114 94, First target 61.80,fib Second target 50,fib Third target 38.20,fib Fourth target 23,fib Will move Stop loss at every target Hit, Broke & Retested. Close half my position at the 23,fib. According selling pressure proceeds.