DetectivePikachu

Bear Trap to 1530?

Long
COMEX_MINI:MGC1!   Micro Gold Futures
Confirmation would be bouncing up to 1502 then back down to 1500-1498 area. We bounced and retested the trendline from June.

Entry: Flag Mark
SL: Price Tag

DetectivePikachu is not responsible for any of your losses, this is for my own personal idea.
Comment:

Retrace to 1498 before breaking out.

Update of the trap/triple bottom. or it could break 1495 and move down to 1440 or lower!
Trade active:

TP: 1516
Trade closed manually:
stopped out at entry

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.