We had a significant parabolic rally in comex gold from 1820 level and made an all time high of 1981.. during the entire move time we made a continous 9 green candle followed by red on the 10th day.
Now if we get such continous green or red candles on any time frame, its generally due fr a correction,, if we doesnt get on 10th look fr 12th candle..
Tat being said we are putting a limit sell order below the 10th day candle at 1938. Stop at 1970 althogh gold in such a bullish mood such niche stop loss is also debatable.
Tgt 1 .1906 Tgt 2 1870 ... if we hit our T1..move the stop to cost.
Now if we get such continous green or red candles on any time frame, its generally due fr a correction,, if we doesnt get on 10th look fr 12th candle..
Tat being said we are putting a limit sell order below the 10th day candle at 1938. Stop at 1970 althogh gold in such a bullish mood such niche stop loss is also debatable.
Tgt 1 .1906 Tgt 2 1870 ... if we hit our T1..move the stop to cost.
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1938 didnt hit.. but the intended Stop loss fr 1938 was hit... so no trade active...