January 25, 2013
- in Uncategorized by schooloftrade
Gold Chart Prep
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| Gold Futures Chart Prep |
We can see
the price-action moving lower this morning below the PLOD and giving us a wave
set-up to the downside. We also know
that if these buyers can bring the price above the PLOD (sellers will fail) we
will use the InsideOut set-up to buy the failure.
the price-action moving lower this morning below the PLOD and giving us a wave
set-up to the downside. We also know
that if these buyers can bring the price above the PLOD (sellers will fail) we
will use the InsideOut set-up to buy the failure.
We can see
symmetry and a bearish price-channel as this price-action pushes lower so we
are bearish with new lower-lows and if the price-action reverses and goes
higher we know we have symmetry support.
symmetry and a bearish price-channel as this price-action pushes lower so we
are bearish with new lower-lows and if the price-action reverses and goes
higher we know we have symmetry support.
