I close and enter on extensions when the price gets into the yellow box. Yesterday, GU printed an ID bar on the daily TF, so I don't want to close/enter too early after YL broke b/c I expect an extended range, but starting with 161.8% ext. I'm all ...

Coreg's EW+HP+D/W Range

...and forgotten GU.

Coreg's EW+HP+D/W Range

There is always a pattern to trade, but lately, even on the 30M TF, we sit in front of the computer with our fingers on the mouse buttons. It's not healthy. Swings are frequent.

Coreg's EW+HP+D/W Range

navk, that's the way we should trade: in the direction of the higher time frames (30-minute, 60-minute, daily; TF of your choice). Look for the resistance zone, and when triggered on the 3-5 minute chart, take the trade.

Coreg's EW+HP+D/W Range

rehmatkhan, I almost always have 3 possible scenarios based on the current PA. Here is choice #2.

Coreg's EW+HP+D/W Range

Gold futures 30M chart

Coreg's EW+HP+D/W Range

rehmatkhan, today is another day that gold is on the brink of collapse. It was a surprise to me yesterday watching GU skyrocket, and gold was lagging. Agree with you. Gold tested WL @4022 too many times. Bulls need to be watchful unless you swing on ...

Coreg's EW+HP+D/W Range

Fight, fight, fight...

Coreg's EW+HP+D/W Range

Surprise, surprise...

Coreg's EW+HP+D/W Range

The same with gold. Important for bulls to hold WL @4022.

Coreg's EW+HP+D/W Range

GU hit the first resistance zone

Coreg's EW+HP+D/W Range

It would be nice for bulls to get at least a piercing line candle. image url

Coreg's EW+HP+D/W Range

I'm guessing which H&S you have in mind. Correct me if I'm wrong.

Coreg's EW+HP+D/W Range

rehmatkhan, as long as the last support zone on the daily TF holds, the levels you mentioned are still possible. However, this may not happen quickly. The earliest potential date for reaching one of these levels, if gold decides to go up, is July ...

Coreg's EW+HP+D/W Range

GU most likely reached high for today. Impressive bounce.

Coreg's EW+HP+D/W Range

Maybe not ABC but 1-2-3-4-5 pattern???

Coreg's EW+HP+D/W Range

Gold needs, for the bull's sake, to reclaim WL @4022 for good and hold it.

Coreg's EW+HP+D/W Range

All eyes on CPI data and the first target of the Gartley pattern @1.3423...if we get there.

Coreg's EW+HP+D/W Range

... after Friday's ID bar on the daily TF, gold reached 200% DRE with ease.

Coreg's EW+HP+D/W Range

GU is still trading under PP and sloping down TL. If taken out, the first target is AB=CD pattern @1.3427

Coreg's EW+HP+D/W Range