How did Gold move 157 pips UP in 6 hours?
The yellow box is an exhaustion area. It can be seen previously on September 1'st.
The shape that is made here I've seen move up a lot.
The yellow line at the bottom is what I'm looking for to enter. I want to see a push above that in order to enter a buy.
At the bottom, we can see a long lower wick showing the bulls pushed price back up. Next is a bullish engulfing. The next candle is the candle to enter on because it breaks above the yellow line (an S&R as shown as the close of previous candles).
Finally, we see a trend line that was respected, broken above, touched twice, then price move away from it.
The yellow box is an exhaustion area. It can be seen previously on September 1'st.
The shape that is made here I've seen move up a lot.
The yellow line at the bottom is what I'm looking for to enter. I want to see a push above that in order to enter a buy.
At the bottom, we can see a long lower wick showing the bulls pushed price back up. Next is a bullish engulfing. The next candle is the candle to enter on because it breaks above the yellow line (an S&R as shown as the close of previous candles).
Finally, we see a trend line that was respected, broken above, touched twice, then price move away from it.
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