gold bearish trend on weekly usually stop on 3rd red candle
Diupdate
I have already shown in the chart with arrows, after 2018 that the longest bearish trend on the weekly candle is 3 red candles,
try to find the 4th red candle after the 3rd red candle if you can
so even if gold can drop lower, the next weekly candle will higher probability to close as a green weekly candle
note: usually green weekly candles last 3 or 5 or 7 candles
so I won't suggest long bear start from next week until gold hit rejection on 1940 or 1950 or 1970
try to find the 4th red candle after the 3rd red candle if you can
so even if gold can drop lower, the next weekly candle will higher probability to close as a green weekly candle
note: usually green weekly candles last 3 or 5 or 7 candles
so I won't suggest long bear start from next week until gold hit rejection on 1940 or 1950 or 1970
Komentar
based on my old rule as bear trader, never bear more than 3 week
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