Missed the reasoning for 1180-1215 being short term gold zone
Bottom...zoom out..
Long term H/S bottom, with secondary trend line touch and go back as far as 2013 to see why this tight range is important. Has been support or resistance too many times to count. MM knows the inventory is there...again be careful with tunnel vision..zoom out if unsure.
Use range lows and secondary trend line as support...
Keep in mind when money flow this oversold what happened. 150-200$ snap back moves.
Cheers
Long term H/S bottom, with secondary trend line touch and go back as far as 2013 to see why this tight range is important. Has been support or resistance too many times to count. MM knows the inventory is there...again be careful with tunnel vision..zoom out if unsure.
Use range lows and secondary trend line as support...
Keep in mind when money flow this oversold what happened. 150-200$ snap back moves.
Cheers
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Cha Ching