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Re: SnP/Lee *PIC*
In Response To: SnP/Trades ()

A picture is worth a thousand words. This is what I was looking at which was a pullback to its 150ema it has tagged 9 times now over the last few years and bounced off it. With price hovering under the 1705 support I was quite convinced this would occur and why I waited for it. Price blew through it without pulling back but you can see what it is up against now. There is no guarantee Gold will go crazy here either. It is still having lower highs since early Sept and is obviously consolidating. Lots of resistance at that downtrendline creating a Symmetrical Triangle. Price has to blow through that and hold to suggest a double top or higher. That is why I don't chase things. A pullback would be a better odds bet.

Messages In This Thread

SnP/Trades
Re: SnP/Lee
Re: SnP/Lee/Trades
Re: SnP/Lee *PIC*
Re: SnP/Lee/Trades