US30 nearing it's all time highs with mitigation and distribution areas being met. With the DXY also looking to be bearish in the next couple of days, could we see the all time high act as resistance in the market for a big fall? I'm watching very closely and licking my lips at the potential profit on this one. PATIENCE - CONFIRMATION - ENTRY - PROFIT
Would be perfect to see market design liquidity right before mitigation play
A lots of liquidity to the upside. Price when right to my mitigation zone. Looking a bullish move next week.
A LITTLE LATE ON THE CHART POST, BUT SMART MONEY BROKE EVEN, WE'RE IN FOR THE BUY.
Smart Money tricked the retail traders once again. Market created even lows to induce buyers to take positions, then stopped them out. Beautiful. The stop hunt began with the extremely bearish candlestick that swept through the lows, then price rises....Hmm... Seems like Smart Money sold to buy cheaper. The green area where they placed the sell is what we are...
I like where we are at with GOLD, however it is very bearish. Want to be looking for another push upwards to confirm the movement up, then a pullback to the green zone and we will pull the trigger for the BUY!