Here is a update:
Motion continue to go down towards the low of 3500 / Highs of 3400 before a rebound occurs.
Motion continue to go down towards the low of 3500 / Highs of 3400 before a rebound occurs.
Circular Trend-Waves 414 replies
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Short trendlines 7 replies
DislikedHello everyone. I just happen to be looking at the Murrey Math lines on this daily AU chart. Old support New resistance. yada yada yada... But mainly I wanted everyone to be aware of the perfect circle that has held up really well in the past.
A buy here COULD be a longer term position trade with a relatively tight stop & offer a nice 3 or 4:1 Risk Reward. One will definitely need to be handy with the steel in on this one utilizing several different TF's to find optimal entry. And it might take more than one attempt on this one but the longer...Ignored
DislikedNice chart, looks like the pole break downward was a false break, because it had a hard rebound upwards.Ignored
DislikedHello everyone. I just happen to be looking at the Murrey Math lines on this daily AU chart. Old support New resistance. yada yada yada... But mainly I wanted everyone to be aware of the perfect circle that has held up really well in the past.
A buy here COULD be a longer term position trade with a relatively tight stop & offer a nice 3 or 4:1 Risk Reward. One will definitely need to be handy with the steel in on this one utilizing several different TF's to find optimal entry. And it might take more than one attempt on this one but the...Ignored