D1 Elasticity Pullback Trading

Bullish retracement following the H4-D1 elasticity pattern

I have a different outlook on the 15min chart. Waiting for price to reach 3751.

Well, that was like fighting an uphill battle... I was able to pull of three trades. 1 win, 1 loss and 1 BE+1 (overall a slight loss). I'll wait for an opportunity to join the bulls.

Territory around Daily Pivot looks very bullish.

Edit: Chart already looked very bullish. Price was sitting on a major S/R line when I posted. Missed opportunity

took some sells at retracement.H1 was far away form H4 stoch so is good sign. Have some tgts down there

Up we go

as you can see there is a nice confluence measuring both movements. I always look for this kind of coincidences matchin pivots, fibos and levels

gold got rejected from the WR2
been stopped out at be before the news and re enter right after lets see where it s goes

30 min elasticity + DR1 on silver
Nicer than gold today

retracement at DL3. The stoch pattern still developin bullish

Great trading guys.

Can you post the current template you use? I tried the one in post 1 its not the same..

Thanks..

rejection at 50% retracement at dopen

Post #895 and #2,103

London open on gold and DOW
longs on both protected, shall soon terminate them manually
On gold 3820 region looks significant for intra day

Gaps on DOW prior to NYSE open

Not related to Elasticity but a great lesson . I hope you dont mind Ghbdr

NYSE session and few hours before the NYSE open - move down on the DOW and move up on Gold - intermarket movement of capital, temporary but useful

DOW is my main instrument I trade, starting trading gold as well, much to learn and relearn again, I used to trade gold long time ago alongside fx and indices.

It is useful IMHO to observe the flow of available capital ( usually marginal in size compared to the static amount logged into various securities for a longer term), at times DOW and Gold travel in opposite directions, for a short time, today is a good example, before the NYSE open DOW went up, gold went up, if they are in contradistinction, one has been telling something!
Gold was actively traded, DOW was being "prepared" by MM for the busy NYSE session, since useful gaps on the DOW!

John Murphy book - Intermarket analysis - shares some light on the foundation of this type of analysis, the book is a bit old. 1990 and 2004 and I count crypto as additional class of market assets, global stocks/Indices , Bonds, Commodities and Currency, so I look at five types of assets instead of four proposed by John Murphy.
The main thing I take into account is that proportionally small amount of capital is free, unallocated and flashes around the world and between different instruments and different classes of instruments, assets. This is particularly useful for intraday and intraweek trading, although John Murphy advocates much longer TFs.

QH5, WH5

Gold is catching up on many years lagging well beyond the level of well spread inflation, still long way to go!

This gump is goin to be huge