Volume analysis is too subjective and should discarded when evaluating price and price direction.
Gold, Silver, and Indexes Using Price Action
- Thread starter Gringo
- Start date
http://abcnews.go.com/US/gold-rush-armed-robbers-steal-4m-gold-truck/story?id=29328927
How unlucky are these guys? Imagine you're driving your armored car loaded with bullion, and not only does the vehicle break down, but it does so on the very day that three armed gunmen with nothing else do but steal your employer's gold just happen to drive by moments later.
Talk about dumb luck
At any rate, I doubt that $4 million will appreciably reduce supply or increase demand enough to affect your trade Gringo, but I thought you'd find the story interesting.
How unlucky are these guys? Imagine you're driving your armored car loaded with bullion, and not only does the vehicle break down, but it does so on the very day that three armed gunmen with nothing else do but steal your employer's gold just happen to drive by moments later.
Talk about dumb luck
At any rate, I doubt that $4 million will appreciably reduce supply or increase demand enough to affect your trade Gringo, but I thought you'd find the story interesting.
QQQ as I see them now.
Gringo
- Price has approached the upper TC.
- Hourly is showing small TR around which price gyrating. Could fail here or BO above.
- DL has been broken but not decisively enough. TR bottom held as demand did show up.
- Price is retracing.
- Currently, price is also around the TR top. Failure here could give a entry with possibility that price might reach the bottom of TR. It could even break below it. Risk is limited due to TR and TC top.
Gringo
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