I was looking at Gold on the weekly chart and saw something quite pertinent. Notice that in Aug 20 the high of Gold was at the 4.236 Fibonacci Level and then it pulled back to 2.618 level. Even on the way up, astute traders will notice the levels where price halted or took support. Please note that the Fibonacci levels were drawn in on 3rd December 2018. The...
I was looking at $UNFI on 2H time frame and my chart tells me that a long entry if taken above $51.3 with SL at $48 will result in a decent profitable trade with 1:3 RR. I am recording this opinion for my reference. Feedback welcome.
I was looking at $ABT on the daily and 2H chart and my set up tells me that there is a probable long opportunity at present with a decent 1:2 RR. Earlier the stock could not break out of 130 levels. This time around, if it does that, then it will be a good trade. I am recording this opinion for my reference. Feedback welcome.