Gold's WolfeWave Pattern

Quote from suriNotes:

Hi Elo,

Thanks for your post...

One of the trading rule that I follow (my own) is: Never enter a new-trade due to some price-levels (Fib. levels, MAs, Hand-drawn Supp/Resistances etc..) just because of the price-levels only. But always Exit or reduce positions at key targeted price levels.

In this case, to enter into a new reversal trade at the target, price must exhibit some behavior (trend-shift, reversal pattern ...) for short.

Hope I answered your question.

Regards,
Suri


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One of the best rules out there.
 
tomorrow is the next time level.

lets see what happen. anyhow the fork has done a tremendous job togehter with suri's time levels.
if price can't get again above the medianline we would have the first pattern for a short setup.

good luck
karla
 

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Quote from Karla.F:

tomorrow is the next time level.

lets see what happen. anyhow the fork has done a tremendous job togehter with suri's time levels.
if price can't get again above the medianline we would have the first pattern for a short setup.

good luck
karla
More...

Hi Karla,

Thanks for your post and comments.
I am also watching @ZG 1067.3 for key resistance level. Breakout above 1068 would set next target to 1111.

Thanks again.

Regards,
Suri

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ok it is getting a little bit scary with gld.

we are just before the 200% measured move and at a confluence zone of two fork lines.
time level is not relevant.



let's see if we get some resistance here. anyhow it is just time to trail the stops but not to short yet.

thanks
karla
 
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