This is the current sentiment with the Market @ the time/space JUNCTURE. Everything is moving right along as planned. Looking forward to absorbing the Funny Fiat Money....
This is the Current sentiment of the market @ this time/space juncture. MAGIC MONEY is what is also referred to. A Hot market go hand in hand.
Weekly chart Admira Group, this is where we can expect at least a bounce to perhaps 1650 level, As usual with hammers, best to wait for price to close on the daily chart above the head of the hammer at about 1450. Failureto trade above the upper limit of the hammer suggests down trend continues so dont take the long.
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE
Chart is self explanatory. Opened position at 388.20, SL at 378.00 and profit target at 449.00. Risk ratio is 5.96. (I had previously looked at 500 being the upper target but have revised that over the past few days.) The horizontal rays are showing my S/R levels. I believe we should see leg A run up to the 419 area before correcting back down to 400 support...