Disliked{quote} After yesterday's big move the next day can be messy. Frankly I have no idea what is going to happen now. Bounced off yesterdays low (1501 area) Might even see a breakout north!!Ignored
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Disliked{quote} After yesterday's big move the next day can be messy. Frankly I have no idea what is going to happen now. Bounced off yesterdays low (1501 area) Might even see a breakout north!!Ignored
DislikedI really have no idea what is happening either. Buyers made strong resistance to not breach 1500, yet it didn't move at all today.Ignored
Disliked{quote} Range is now 1500 / 1510 (approx) Patience is now required IMHO - trading the junk in between is a waste of timeIgnored
Disliked{quote} Range is now 1500 / 1510 (approx) Patience is now required IMHO - trading the junk in between is a waste of timeIgnored
Disliked{quote} What makes me think that weekly pivot at 1504 will stand is when it's trying to get pushed down, big volume comes in and it remains above. From my small research on the method Malcolm is using with volume, if you take a look after we got the big spike down, all following candles were low volume, aka no smart money involved. At the 1h candle at 12 PM GMT, when it was pushed down to the 1500, we saw huge volume candles asap keeping it above the weekly pivot.Ignored
Disliked{quote} It was interesting as there was a spike down to 1500 which got bought on the 60 min and then on the 60 min supply at 1511 ... the battle between sellers and buyers then moved gold into a channel all day {image}Ignored
Disliked{quote} Yea, but that was definitely smart money move, considering the low volume all day, after the drop. Also i think that drop finished the Wyckoff cycle and we're in accumulation phase again, might be wrong. Still researching the book.Ignored